2 buy a put buy a call at same exercise price 3 3 mescint 4 5 6. market price 7 300 120 110 105 100 95 90 80 85 8 9 10 11 12 13 14 is 16 17 max loss limted to the premium of the put and call option 2 buy a put buy a call at same exercise price 3 3 mescint 4 5 6. market price 7 300 120 110 105 100 95 90 80 85 8 9 10 11 12 13 14 is 16 17 max loss limted to the premium of the put and call option