Can someone work this problem except instead of buying both calls and Putts YOU

Question

Can someone work this problem except instead of buying both calls and Putts YOU ARE SELLING THEM!! I cant seem to figure it how to even find the values when your selling both of them.

Sam the options trader bought 1 call option contrqct on JJJ common stock for $4 per option and at the same time he bought 1 put option contract on JJJ common stock for $3 per option. The exercise (strike) price for both these options is $80. The current stock is $81. Both options expire at the same time, 2 months in the future. Assume that Sam maintains these positions untill the expiration date of t he options. Construct a table showing the dollar profits or losses from the combination of these two investments as a function of the stock porice at teh expiration date.

Explanation / Answer

In case we see sell one call option and one put option:

Stock price Call Profit Put Profit Net Profit 0 4 -77 -73 70 4 -7 -3 71 4 -6 -2 72 4 -5 -1 73 4 -4 0 74 4 -3 1 75 4 -2 2 76 4 -1 3 77 4 0 4 78 4 1 5 79 4 2 6 80 4 3 7 81 3 3 6 82 2 3 5 83 1 3 4 84 0 3 3 85 -1 3 2 86 -2 3 1 87 -3 3 0 88 -4 3 -1 89 -5 3 -2 90 -6 3 -3 200 -116 3 -113

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