You bought 100 shares of Apple at $400 per share last year. In order to hedge your position, you bought a put on Apple shares at a strike price of $380 per share that expires tomorrow. In order to juice your returns a little, you sold a call on Apple shares at a strike price of $450 per share. The price of the stock today is $425. Choose all of the statements below that are true.

	you are likely to exercise the put
	the call will definitely be exercised
	assuming the price you paid for the put equals the price you received for the call, you have made a profit on your Apple investment
	your initial position in Apple stock was a long position
	the call position is in the money