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You buy 100 put options on MECCS stock with exercise price equal to $60. You also buy 100 call options on MECCS stock with exercise
You buy 100 put options on MECCS stock with exercise price equal to $60. You also buy 100 call options on MECCS stock with exercise price equal to $60. All the options expire on the same day. The put premium is $3.60 and call premium is $4.80. Calculate your profit at expiration if MECCS stock price is $44.
| A. | $1,600 | |
| B. | -$760 | |
| C. | $760 | |
| D. | -$840 |
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