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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

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.

Calls Puts

Strike Jul Aug Oct Jul Aug Oct

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

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