If you expect the stock price to be around $$1,100$ and it will not move that much, what strategy would you follow to maximize the profit if you consider the following three strike prices: $$1,050,$ $$1,100,$ and $$1,150?$ Detail the strategy with different strike prices.

Find the maximum profit for such a strategy. Show your calculation.

Find the ranges of prices for which you will have a profit.