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Given the following option data construct a Long Straddle and a Short Straddle. a. Use payoff diagrams to demonstrate each strategy and calculate the profit
Given the following option data construct a "Long Straddle" and a "Short Straddle". a. Use payoff diagrams to demonstrate each strategy and calculate the profit and loss from each position assuming various levels of prices for the underlying asset. b. What purpose does each strategy serve
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