a) You are holding 613 of a 13 33 Bear Put the market closes at 9.04 on the date that the options expire and you received 2.72 for the low put and paid 8.09 for the high put. How much do you make or lose?
b) You are holding 102 of a 49 straddle the market closes at 68.14 on the date that the options expire and you paid 31,568 in total cost for the options. How much do you make or lose?