What will be the final payoff

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You have a put option on ITC Ltd. stock with a strike price of Rs.200/- per share. The option expires today. If the stock price today is 211/- per share what is the payoff on the expiration day? If you also have a call option on ITC Ltd. with exercise price of Rs. 195/share, which also expires today, what will be the final payoff? What is this combination called?

Reference no: EM132764588

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