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You purchase 300 shares of a stock at a price of $70 per share. You purchase 200 call options on the stock with exercise price

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You purchase 300 shares of a stock at a price of $70 per share. You purchase 200 call options on the stock with exercise price of $72 and a call premium of $5.75 per call option. You also write (sell) 300 put options on the same stock with exercise price of $68 and put premium of $3.10 per put option. All the options expire on the same date. Calculate the profit on your entire strategy (portfolio) at the expiration of the contracts if the Stock price at that time is $75.50. (Assume you sell all your shares the date that the options expire.) $2,471 $1,473 $499 $174 $2,130

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