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CVNA (Carvena) closed at $26.2 on Sep. 23rd,2022. The option information is given as follow: Suppose I construct the following position: Long Option #1, short
CVNA (Carvena) closed at $26.2 on Sep. 23rd,2022. The option information is given as follow: Suppose I construct the following position: Long Option \#1, short Option \#2, short Option \#3 and long Option \#4. Is the above position credit position or debit position? At what price range do I obtain the highest profit? If CVNA closes at $30.19, then what is my profit? 3. Suppose I buy Option \#2 and Option \#3 and write Option \#1 and Option \#4. Is this a debit or credit position? Draw the payoff and profit graph. Are in-the-money options automatically exercised? What are the situations when in-the-money options are not exercised? What is the intuition for the situations
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