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A strangle is create by buying a put and a call on the same underlying assets with a higher exercise price and the same expiration.
A strangle is create by buying a put and a call on the same underlying assets with a higher exercise price and the same expiration. A put with a exercise price of $155 sells for $8.55 and call with a strike price of $165 sells for $10.40. draw a graph showing the payoff for the above straddle.
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