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8. [6 marks] Consider the same premiums and interest rate as in Problem 7. Draw the profit diagram of a 1000-strike written straddle. For which

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8. [6 marks] Consider the same premiums and interest rate as in Problem 7. Draw the profit diagram of a 1000-strike written straddle. For which values of the spot price will the profit exceed $30? 8. [6 marks] Consider the same premiums and interest rate as in Problem 7. Draw the profit diagram of a 1000-strike written straddle. For which values of the spot price will the profit exceed $30

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