Compute the initial inflow/outflow of money from the strategy, tabulate the payoff of each option involved in the strategy, in each of the relevant regions. Finally, draw the payoff diagram. What type of bet are you taking with each strategy? What are the break-even points? Strategy 1: Buy a TSLA put, strike $150 Sell a TSLA put, strike $155 Sell a TSLA call, strike $170 Buy a TSLA call, strike $175 @ $6.00 @ $7.55 @ $7.70 @ $6.05 Net profit-$3.2 Strategy 2: Sell a TSLA put, strike $150 @$5.85 Buy a TSLA put, strike $155 Buy a TSLA call, strike $170 Sell a TSLA call, strike $175 @ $7.70 @ $7.85 @ $5.90 Net cost-$3.8