You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $67 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:

Wildwood Corporation	Underlying Stock price: $67.00
Expiration	Strike	Call	Put
June	$ 62.00	$ 10.20	$ 2.85
June	$ 67.00	$ 5.35	$ 4.70
June	$ 72.00	$ 2.85	$ 9.20

Suppose you establish a bullish money spread with the puts. In June the stock's price turns out to be $70. Ignoring commissions, the net profit on your position is _______________.

Multiple Choice

• $568

• $868

• $300

• $435