Suppose a put option has X=103 and Premium=8. As a seller of the put, what is the minimum profit/loss?

Extracted text: Suppose a put option has X=103 and Premium=8. As a seller of the put, what is the minimum profit/loss?


Extracted text: Suppose you want to establish a bullish spread strategy. The are two call options. The first one has X1=$50 and C1=$5. The second one has X2=$42 and C2=$6. When the underlying asset price is S(t)=$45, what is the profit from the strategy? What is the maximum profit of the strategy? What is the minimum payoff of the strategy?|