What will be your total profit or loss on these option


The market price of ABC stock has been very volatile and you think this volatility will continue for a few weeks. Thus, you decide to purchase a one-month call option contract on ABC stock with a strike price of $25 and an option price of $1.15. You also purchase a one-month put option on ABC stock with a strike price of $25 and an option price of $0.82. What will be your total profit or loss on these option positions if the stock price is $23.76 on the day the options expire? (Round answer to 2 decimal places. Do not round intermediate calculations).

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Financial Management: What will be your total profit or loss on these option
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