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Imagine you simultaneously buy a Tesla at-the-money put option and sell an at-themoney Tesla call option. Your position consisting of these two legs as described

image text in transcribed Imagine you simultaneously buy a Tesla at-the-money put option and sell an at-themoney Tesla call option. Your position consisting of these two legs as described has, in all instances, a payoff equal to that of a long Tesla stock position equal to a long Tesla straddle position equal to zero equal to that of a short Tesla stock position

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