Use the following table to calculate net premiums paid or received for the following transactions:

Strike	Call Premium	Put Premium
25	6.05	.65
30	2.15	1.22
35	1.10	1.45
40	.95	3.36

1. Bear Spread on 25 and 30 strikes calls. (Sell a call and buy an otherwise identical call with a higher strike price.)

2. Collar on a 35 strike. (Purchase put, sell call with higher strike price (bearish outlook)

3. Box Spread on 35 and 40 strikes. (Buy 35 strike.)

4. Buy a Straddle with a strike of 25.

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