Exam #1
at indiff1, buyer of calls loses 100% since calls are out of money - $3400. for the writer of puts, they also lose $3400 .....collect $2200 but put is $.56 in money -at expiration they buy them back at $56 times 100= $5600 - 2200 = 3400 . at indiff2, writer of puts makes entire premium since puts are out of money … ................
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