$1.$ An investor creates a trading position using a long position in a "strangle" and a short position in a "straddle". The strangle is created by a long call with a strike $$60$ and a long put with strike $$50.$ The straddle is created with a long call and a long put both with strike $$55.$ What resulting trade position is created from this strategy? Plot the payouts of the strangle, straddle, and the resultant strategy in an excel spreadsheet. please show the formulas and table needed to plot the investor strategy, short straddle, and long strangle.