Consider the following portfolio:
-- Long 1 puts with strike price 112.0
-- Short 0 puts with strike price 112.0
-- Long 0 calls with strike price 119.5
-- Short 1 calls with strike price 119.5
-- Long 2 shares of stock
Complete the following payoff table. What choice corresponds to the last row of the table?
Position S tau less or equal than 112.0 112.0 less than S tau less or equal than 119.5 S tau greater than 119.5.