Mark bought one Facebook (Ticker: FB) call contract and one Facebook put contract today at the time the market price was $155.10. The strike price for both call and put is $170 and the expiration date for both call and put is July 20, 22018. The call premium is $5 and the put premium is $19.56.
Show the contingency graph and label each point.
What are break-even points?
What is his profit or loss if the stock price at expiration is $130, $172, or $210?