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Consider an option trading strategy that holds a portfolio of two calls long with X = $70 and one call short with X = $65.

Consider an option trading strategy that holds a portfolio of two calls long with X = $70 and one call short with X = $65. Prepare a profit/loss table and graph the results. Identify and plot the breakeven stock price, and maximum and minimum profit. Explain the situation under which you may consider this strategy.

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