You Are Cautiously Bullish on the Common Stock of the Wildwood

question 65

Multiple Choice

You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $50 per share. You want to establish a bullish money spread to help limit the cost of your option position. You find the following option quotes:
-Suppose you establish a bullish money spread with the puts.In June the stock's price turns out to be $52.Ignoring commissions the net profit on your position is __.

• A) $500
• B) $700
• C) $200
• D) $250

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