You are cautiously bullish on the common stock of the Marathon Bank over the next several months. The current price of the stock is $60 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:

Marathon Bank	Underlying Stock price: $60.00
Expiration	Strike	Call	Put
June	$ 55.00	$ 9.50	$ 2.50
June	$ 60.00	$ 5.00	$ 4.00
June	$ 65.00	$ 2.50	$ 8.50

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 _______________.

• $940

• $540

• $400

• $500