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You are cautiously bullish on the common stock of EXTREME INC over the next several months. The current price of the stock is $62 per

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You are cautiously bullish on the common stock of EXTREME INC over the next several months. The current price of the stock is $62 per share you want to establish a bullish money spread to help limit the cost of your option position. You find the following option quotes: EXTREME INC Underlying stock price: $62.00 Expiration Strike Call Put 57.00 9.70 June 2.60 62.00 5.10 4.20 June 67.00 2.60 8.70 June Suppose you establish a bullish money spread with the puts. In June the stock's price turns out to be $64. Ignoring commissions, the net profit on your position is Multiple Choice $548 You are cautiously bullish on the common stock of EXTREME INC over the next several months. The current price of the stock is $62 per share you want to establish a bullish money spread to help limit the cost of your option position. You find the following option quotes: EXTREME INC Underlying stock price: $62.00 Expiration Strike Call Put 57.00 9.70 June 2.60 62.00 5.10 4.20 June 67.00 2.60 8.70 June Suppose you establish a bullish money spread with the puts. In June the stock's price turns out to be $64. Ignoring commissions, the net profit on your position is Multiple Choice $548

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