Break even on this spread the underlying stock

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Reference no: EM132413439

You set up a Bull Spread on 100 shares of Home Depot using one $82 put @ $13.43 and one $96 put @ $23.27.

At expiration Home Depot is trading at $72.00

To set up the spread you

go long one $ put

and short one $ put.

To break even on this spread the underlying stock must go to $

You hold the spread to expiry so your profit (loss) is $

Reference no: EM132413439

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