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Compare and contrast a strangle and a straddle? Make sure to discuss the payoff, profit and cost/premium of the strategies today regarding both strategies. If

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Compare and contrast a strangle and a straddle? Make sure to discuss the payoff, profit and cost/premium of the strategies today regarding both strategies. If you want to include in your explanation a graphical representation of the payouts and/or profits feel free to do so but you still need to discuss similarities and differences

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