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A month ago when AAPL was trading at $132.20/share you thought that AAPL would make a big move either up or down so you created
A month ago when AAPL was trading at $132.20/share you thought that AAPL would make a big move either up or down so you created an option straddle by:
- buying 100 put options with a strike price of $132.00 when the option was quoted at $1.37
- buying 100 call options with a strike price of $132.00 when the option was quoted at $2.45
The options expire today when the value of AAPL stock is now $142.90. Ignoring other trading costs and taxes, what is the net profit or loss on this straddle trade?
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