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8. (Ch 11) Suppose a stock is trading at $30. Li has written a call option with a strike price of $35 and written a
8. (Ch 11) Suppose a stock is trading at $30. Li has written a call option with a strike price of $35 and written a put option with a strike price of $25. Suppose the call is currently selling at $5 and the put is currently selling at $2.5, Draw his profit graph for the straddle assuming the unit of trade is 100. (3 pts)
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