dates. All The options are for JUL expiration. Datel: APR 14 options prem ee amferent Date 2: APR 21 Date 3: APR 28 S = $60 S = $65 S3 = $55 K call put call put call put 55 9 1 15 0.25 4.5 2 60 65 5 2 5 26 3 9 0.75 2.5 8 4 2.50 1.5 12 12 Q6. (top of page 6) Consider the following dynamic strategy: On Date 1 short the at-the-money Straddle**. A week later, on Date 2, close the existing Straddle and immediately short the at-the-money straddle A week later, on Date 3, close the existing Straddle and immediately short the at-the-money straddle. **(Recall that a Straddle is a strategy consisting of a long put and call or short put and call, both on the same underlying stock, for the same time to expiration and the same exercise price.) Calculate the cumulative cash flow per share immediately after you short the at-the-money Straddle on Date 3.