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You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $56

You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $56 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: $56.00

Expiration Strike Call Put
June $51.00 $9.10 $2.60
June $56.00 $4.80 $3.60
June $61.00 $2.30 $8.10

Ignoring the commissions, the cost to establish the bull money spread with calls be:

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