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Consider the following short which hat option strategy with European call options, on the same non-dividend paying stock and with same expiration date. Short 1

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Consider the following short "which hat" option strategy with European call options, on the same non-dividend paying stock and with same expiration date. Short 1 call, exercise price X1=100, and option premium C1-20 (per option) Short 1 call, exercise price X2-110, and option premium C2-15 (per option) long 4 calls, exercise X3-120, and option premium C3-10 (per option) Short 1 call, exercise price x4=130, and option premium C4-5 (per option) Short 1 Call, exercise price X5-140, and option premium C5-2 (per option) (a) Draw a profit diagram for each of the five elements of this option strategy. On each diagram, indicate your profit if the stock price at expiration is: ST 0 and ST exercise price (b) Draw the profit diagram of the option strategy. On the diagram, indicate your profit if the stock price at expiration is: ST-0, 100, 110, 120, 130, 140

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