Moving to another question will save this response. Question 7 Suppose we want to create a pay off diagram for a long strangle. Let's assume the stock is currently trading at $60.00. We buy a call with a strike price of $65 for a premium of $3.13 and we buy a put with a strike price of $50 with a premium of $.88. What are the total gains or losses (per share) from this strangle when the stock price is $57 A loss of $2.25 OB Loss of $40.99 Oc Gain of $40.99 D. Gain of $44.12 Moving to another question will save this response