B. c. Long put option with an exercise price of $90 expiring in one year: $6 Similar to Part a, choose the correct graph showing the net profit/loss position for the above alternative option strategy. The correct graph is c. D. 30 B. c. What are the breakeven points? Round your answers to the nearest dollar. The first breakeven point: \$ The second breakeven point: $ Melissa Simmons is the chief investment officer of a hedge fund specializing in options trading. She is currently back-testing various option trading strategies that will allow her to profit from large fluctuations-either up or down-in a stock's price. An example of such typical trading strategy is straddle strategy that involves the combination of a long call and a long put with an identical strike price and time to maturity. She is considering the following pricing information on securities associated with Friendwork, a new Internet start-up hosting a leading online social network: Friendwork stock: $102 Call option with an exercise price of $102 expiring in one year: $10 Put option with an exercise price of $102 expiring in one year: $8 a. Using the above information on Friendwork, choose the correct graph showing the net profit/loss position at maturity for the straddle strategy. The correct graph is =30 c. D. 30 20 What are the breakeven points? Round your answers to the nearest dollar. The first breakeven point: $ The second breakeven point: $ . Melissa's colleague proposes another lower-cost option strategy that would profit from a large fluctuation in Friendwork's stock price: Long call option with an exercise price of $114 expiring in one year: $7 Long put option with an exercise price of $90 expiring in one year: $6 Similar to Part a, choose the correct graph showing the net profit/loss position for the above alternative option strategy. The correct graph is