You buy a put on Lead Inc. with an exercise price of $3.50 and a premium of $1.00. You buy a call on Lead Inc. with an exercise price also at $3.50 and a premium of $1.25. Calculate the profit or loss on both positions simultaneously if just prior to option expiration Lead Inc.'s stock price is $0.50.

($0.25)
		$0.00
		$0.25
		$0.50
		$0.75