You possess a portfolio where you have:

One share of stock, Current price $$53$

Bought $1$ put option with expiry $T$ and strike price $K=55$

Sold $1$ call option with expiry $T$ and strike $K=55$

$($a$)$ Suppose $S(T)=61,$ what will occur?

$($b$)$ Suppose $S(T)=50,$ what will occur?

$($c$)$ After time $T,$ what will you have in your possession?