Draw the payoff graphs for the following option trading strategies by combining the belowgiven

options. Calculate also the break-even points for the trading strategies.

Expiration date Strikeprice bid ask

Calls

01/2018 17.00 0.50 0.55

01/2018 20.00 0.15 0.19

Puts

01/2018 17.00 4.26 4.31

a) bull spread

b) long straddle

c) long strangle