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A trader sells a strangle by selling a call option with a strike price of $50 for $3 and selling a put option with a

A trader sells a strangle by selling a call option with a strike price of $50 for $3 and selling a put option with a strike price of $40 for $4.

  1. a)Draw a chart showing the profits from the two options and from the strategy as a whole.
  2. b)In what price range will the trader make a profit?

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