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You purchae 200 hare of a tock at a price of $70 per hare. You purchae 200 call option on the
tock with exercie price of $72 and a call premium of $5. 75 per call option. You alo write (ell) 300
put option on the ame tock with exercie price of $68 and put premium of $2,87 per put option. All the option expire on the ame date. Calculate the profit on your entire trategy (portfolio) at the
expiration of the contract if the Stock price at that time i $81. 50. (Aume you ell all your hare
the date that the option expire. )