Problem
The table on the left shows the prices of call and puts at different strike prices of options on Alphabet Inc. (GOOG) on 12th February, 2021. The expiration of all options are same - June 18, 2021. The market price of the GOOG stock on 12th February, 2021 is $2,092.91.
What are the payoff, cost and profit of a put bull spread with strike prices of $1,960 and $2,300 if the GOOG share price become $2,150.91 on the expiration date?