An investor creates a covered call position by purchasing 100 shares of the Tesla stock at a price of $340 per share and selling 100 call options on the Tesla stock with a strike price $340 per share. The premium of the option is $15 per share. At which stock price at the maturity of the option will the investor break even? Please provide your answer in unit of dollars (without the dollar sign), rounded to the nearest cent. Question 9 1 pts Which of the following statements about the collar strategy is NOT true? It involves buying the underlying stock, selling a call, and buying a put with a lower strike price. It is a bearish strategy Its profit is similar to the profnt of a bull spread. It gives up some upside potential in exchange for some downside protection. Question 10 1 pts Which of the following statements about a straddle is NOT true? A straddle is more expensive than a comparable strangle (assuming that the underlying asset and the maturity are the same). O O The payoff of a straddle is generally higher than the payoff a comparable strangle (assuming that the underlying asset and the maturity are the same). A long straddle should be used if you believe that the volatility of the underlying asset is underestimated by the market O O A long straddle generates the highest profit when the price of underlying asset stays close to the strike price