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thumbs up if correct thanks! IBM shares currently sell for $154. Some of its 3-month European options, at varying strike prices, currently sell for the

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IBM shares currently sell for $154. Some of its 3-month European options, at varying strike prices, currently sell for the following premiums. Description Maturity Strike Premium IBM 135 call 3 months 135 18.65 IBM 155 call 3 months 155 4.10 IBM 170 call 3 months 170 0.44 IBM 135 put 3 months 135 1.38 IBM 155 put 3 months 155 6.60 IBM 170 put 3 months 170 18.74 You decide to set up a bear spread for IBM using the followirg option positions: sell the 135 put, buy the 155 put. Which is correct if the stock price at expiration is 130? O Payoff +$20 O Payoff-$20 Profit +$25 Profit-$25

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