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A strangle was defined as a strategy of buying a put option with a strike price K 1 and a call option with a strike

A strangle was defined as a strategy of buying a put option with a strike price K₁ and a call option with a strike price K₂, where K₁ < K₂. Now we have a strategy that is identical to a strangle except that K₁ > K₂. What is the payoff of the strategy if K₁ = 50, K₂ =40 and the underlying stock price is $55 at the expiration date ?

is the answer 500?

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