Question #9: Option Strategies Max has decided to purchase 4 Alaska Air Group (ALK) call options with a strike price of $60 for a premium of $5.50. Simultaneously, Max writes (sells) 4 ALK call...

Extracted text: Question #9: Option Strategies Max has decided to purchase 4 Alaska Air Group (ALK) call options with a strike price of $60 for a premium of $5.50. Simultaneously, Max writes (sells) 4 ALK call options with a strike price of $75 for a premium of $1.35. (a) What is the name of the strategy that max has employed: (b) What would be Max's profit if the price of ALK stock is at $43? | (c) What would be Max's profit if the price of ALK stock is at $88?"