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