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FILL IN THE BLANKS AND EXPLAIN WHY You set up a Short Straddle on 100 shares of Pfizer using one dollar 45 call @ 10.04

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FILL IN THE BLANKS AND EXPLAIN WHY

You set up a Short Straddle on 100 shares of Pfizer using one dollar 45 call @ 10.04 and one dollar 45 put @ 1.99. At expiration Pfizer is trading at dollar 49.64 When you set up the spread you collect dolar On this strategy the lower breakeven price is and the upper breakeven price is dollar You hold the straddle to expiry so your profit (loss) is dollar

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