Assume the premium for an August call option on British pound with thestrike price of $1.5/ is $0.40/. All else equal, the premium for a put option on British pound with thesame strike price and maturity is $0.50/.

Calculate the maximum gain, maximum loss and break-even point for a call option buyer, put option buyer, and long position of astraddle.

Maximum gain

Maximum loss

Break-even point

Call

____________

____________

____________

Put

_____________

_____________

____________

Straddle

_____________

_____________

_____________