A slight variation of a straddle is a strap, which consists of using two calls and one put. Construct a long strap using options with exercise price $165. The price of the call option is $8.10 and the price of the put option is 6.75. Hold the position until expiration. Determine the profits and graph the results. Identify the break-even stock prices at expiration and the minimum profit. What is the difference of a strap relative to a straddle?