I assume by the ampersand you mean "AND". There's a function for that.
Ampersand concatenates text. Assuming AM11 will contain only Put or Call, and
no other values, and the result is to be negative for Puts and positive for
Calls,

=IF(AM11="Put",-ABS(AN11-$K$2),ABS(AN11-$K$2))

or

=ABS(AN11-$K$2)*IF(AM11="Put",-1,1)


On Tue, 14 Jun 2005 10:07:07 -0700, "Dubbs"
wrote:

I am trying to add these two together but can't get it to work.

=IF(AM11="Put"&AN11<$K$2;AN11-$K$2;$K$2-AN11)
=IF(AM11="Call"&AN11$K$2;$K$2-AN11;AN11-$K$2)