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You are offered a structured product, which is a combination of 1 stock long, 2 Calls short and 2 Puts short on the stock. Assume

You are offered a structured product, which is a combination of 1 stock long, 2 Calls short and 2 Puts short on the stock. Assume all options expire the same day and are on one stock each. What is the payoff at expiration?

  • Stock price today $18.5
  • Stock price at expiration $84.2
  • Put strike price $39.1
  • Call strike price $8.4

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