You are cautiously bullish on the common stock of the Wildwood Corporation over the next...
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Finance
You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $51 per share. You want to establish a bullish spread to help limit the cost of your option position. You find the following option quotes:
Wildwoood Corp Underlying Stock price: $51.00
Expiration
Strike
Call
Put
June
46.00
8.60
2.05
June
51.00
4.55
3.10
June
56.00
2.05
7.60
Suppose you establish a bullish spread with the puts. In June the stock's price turns out to be $54. Ignoring commissions, the net profit on your position is _______________.
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