Exam #1
total revenue jan 31 straddle call is in money by 137.75 and is worth $13,775 – put is worth nothing – profit = 13,775 – 6900 = 6,875. total revenue for feb 7 straddle is same – put is also worthless – profit 13,775 – 8547.5 = $5,227.5 ................
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