=IF(AM7="Put"&AN7<K2;$K$2-AN7;AN7-$K$2)*OR(AM7="Call"&AN7>K2;AN7-$K$2;$K$2-A
N7)

In the above statement, I am attempting to link or add to IF statements
together. I want it to to do one thing if AM7="Put" and another command if
AM7="Call". When I type this in Excel adds an * before the OR. I am not
sure what that is, or if I am using the right command to link these too
commands.