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You bought a $90p/$70p Bear spread for $12.00 on PENN Gaming when the stock was trading at $95 per share. The stock is now $43
You bought a $90p/$70p Bear spread for $12.00 on PENN Gaming when the stock was trading at $95 per share. The stock is now $43 per share. At expiration, you expect to have pnl closest to:
$8
$35
$47
$20
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