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Consider the following information on 6 month put and call options for Citigroup: Strike Price Put Price Call Price $32.50 $2.85 $1.65 You believe that

Consider the following information on 6 month put and call options for Citigroup:

Strike Price

Put Price

Call Price

$32.50

$2.85

$1.65

You believe that Citigroup's stock price move dramatically over the next six months and you decide to create a straddle position based on your belief. What would be your profit/loss from your strategy if Citigroup trades for $38 when the options expire?

185

-100

100

-185

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