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An investor implements a collar strategy by purchasing 100 shares of the Tesla stock at...

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Finance

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An investor implements a collar strategy by purchasing 100 shares of the Tesla stock at a price of $640 per share, selling 100 call options on the Tesla stock with a strike price $680 per share, and buying 100 put option on the Tesla with a strike price of $600. The premium of the call option is $35 per share and the premium of the put option is $32. If stock price at the maturity of the option turns out to be 670. What is the investors' profit? Please provide your answer in unit of dollars (without the dollar sign), rounded to the nearest cent

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