2. Choose an option strategy of long or short, straddle, strangle, bear, bull, butterfly, or condor and calculate the initial cost or collected premium and provide a payoff graph.

Please use Straddle!!!!!

Underlying Future Last Change Prior Settle High Low Volume 58.69 59.04 57.71 58,47 58.71 51,736 Puts Last DEC 21 Calls Prior Volume Change Last Settle 13 8.67 -0.36 0 8.37 0 8.08 0 7.79 61 7.52 -0.8 0 7.24 Strike Price 8.31 5500 5550 5600 5650 6.72 5700 5750 6.04 5800 5.82 5850 Prior Change Volume Settle 6.07 4.96 420 5.16 0 6.1 0.73 5.37 35 1.04 5158 7 15181 SO 6.95 0.92 6103 7.12 0.85 6.27 6151 6.75 6.62 95 6.98 6.72 6.46 -0.94 -0.9 0 5900 Underlying Future Last Change Prior Settle High Low Volume 58.69 59.04 57.71 58,47 58.71 51,736 Puts Last DEC 21 Calls Prior Volume Change Last Settle 13 8.67 -0.36 0 8.37 0 8.08 0 7.79 61 7.52 -0.8 0 7.24 Strike Price 8.31 5500 5550 5600 5650 6.72 5700 5750 6.04 5800 5.82 5850 Prior Change Volume Settle 6.07 4.96 420 5.16 0 6.1 0.73 5.37 35 1.04 5158 7 15181 SO 6.95 0.92 6103 7.12 0.85 6.27 6151 6.75 6.62 95 6.98 6.72 6.46 -0.94 -0.9 0 5900