You Own 200 Shares of Stock Which You Would Like

Multiple Choice

You own 200 shares of stock which you would like to have the right to sell at $40 a share. The 40 call option is quoted at $.35 bid, $.40 ask. The 40 put is quoted at $.50 bid, $.55 ask. How much will it cost you to obtain the right to sell all your shares at $40 a share?

A) $70
B) $80
C) $100
D) $110
E) $130