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You have an option strategy on the same stock. You write a call option for 30c at an exercise price of 90c, and you buy

You have an option strategy on the same stock. You write a call option for 30c at an exercise price of 90c, and you buy a put option at an exercise price of $1 for 20c. When the option expires the spot price of the stock is 75c. What is your profit/loss?

a.

+10c
b.

+35c
c.

5c
d.

+25c

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