a stock price is $29. An investor buys one stock option contract on the stock with a strike price of $30, and sell a call option contract with a…

a stock price is $29. An investor buys one stock option contract on the stock with a strike price of $30, and sell a call option contract with a strike price of $32.5. the market prices of the options are $2.75 and $1.50 respectively. The options have the same maturity date. Describe the investor’s position.