(assume that the effective 6-month interest rate is 2%, the S&R 6-month forward price is $1020, and use these premiums for S&R options with 6 months to expiration.) Draw profits and payoff diagrams for the following positions:

a) Written 1020-strike S&R straddle

b) Long 1050-strike S&R straddle

c) Simultaneous purchase of a 1050-strike S&R straddle and sale of a 1020-strike S&R straddle.

Strike Call 950 $120.405 1000 93.809 1020 84.470 1050 71.802 1107 51.873 Put $51.777 74.201 84.470 101.214 137.167