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a. It is April 2020 and you believe that AAPL stock will move dramatically away (in one direction or the other) from its current price

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a. It is April 2020 and you believe that AAPL stock will move dramatically away (in one direction or the other) from its current price of 276.10. You decide to play a speculative option strategy in which you take a position in 20 May 270 option contracts and 20 May 280 option contracts. Are you implementing a straddle or a strangle or a spread? b. Are you going to write or buy the May 270 option? Is your May 280 option going to be a call or a put? d. What is (are) the breakeven AAPL stock price(s)? e. Relative to the breakeven price(s), for what AAPL prices will you profit? f. Solve for the profit for the following A APL prices at expiration: 235, 260, 273, 286, 311 C

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