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The market price of NM stock has been volatile recently. Since you think the volatility will continue, you purchase a two-month European NM call option

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The market price of NM stock has been volatile recently. Since you think the volatility will continue, you purchase a two-month European NM call option with a strike price of $30 and an option price of $.60. You also purchase a two-month European NM put option with a strike price of $30 and an option price of $1.20. What will be your net profit on these option positions if the stock price is $28 on the day the options expire? Ignore trading costs and taxes. Multiple Choice 0 -560 $20 $0 -$20 O $60

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