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Construct a long straddle using the October 165 options. Hold until the options expire. Determine the profits and graph the results. Identify the breakeven stock

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Construct a long straddle using the October 165 options. Hold until the options expire. Determine the profits and graph the results. Identify the breakeven stock prices at expiration and the minimum profit.

\begin{tabular}{lccccccc} \hline & & Calls & & & Puts & \\ & & & & & & \\ Strike & Jul & Aug & Oct & Jul & A ug & Oct \\ \hline 160 & 6.00 & 8.10 & 11.10 & 0.75 & 2.75 & 4.50 \\ 165 & 2.70 & 5.25 & 8.10 & 2.40 & 4.75 & 6.75 \\ 170 & 0.80 & 3.25 & 6.00 & 5.75 & 7.50 & 9.00 \\ \hline \end{tabular}

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