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You set up the following strategy by selling one $35 IBM put contract @ $2.1/share and selling one $45 IBM call contract @ $3.56/share (both
You set up the following strategy by selling one $35 IBM put contract @ $2.1/share and selling one $45 IBM call contract @ $3.56/share (both contracts have the same expiration date). On the expiration date, shares of IBM are trading at $31.98. What is your profit (+) or loss (-) for the strategy? (rounded $ to two places after the decimal)
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