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You purchased one SPX (S&P 500 index) put option with a strike of $4,200. You wrote one SPX put option with the same maturity date
You purchased one SPX (S&P 500 index) put option with a strike of $4,200. You wrote one SPX put option with the same maturity date and a strike of 4,100. At maturity, what is your total payment if the S&P 500 index is $4,120 The contract size for SPX option is $100 times the S&P 500 index.
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