Option Formulas Call Payoff at Expiration: \\( C=\\max \\left[0,\\left(S_{T}-X\ ight)\ ight]=\\left\\{\\begin{array}{r}S_{T}-X, \\text { if } S_{T}>X \\\\ 0, \\text { if } S_{T} \\leq X\\end{array}\ ight. \\) Put Payoff at Expiration: \\( P=\\max \\left[0,\\left(X-S_{T}\ ight)\ ight]=\\left\\{\\begin{array}{r}0, \\text { if } S_{T}>X \\\\ X-S_{T}, \\text { if } S_{T} \\leq X\\end{array}\ ight. \\) 4. (20 points) You establish a strangle on Apple (MSFT) by using call and put options that expire on January 19,2024. You buy one (1) call with a strike price of \\( \\$ 400 \\) and one (1) put with a strike price of \\( \\$ 350 \\). The call option premium is \\( \\$ 14.10 \\) and the put option premium is \\( \\$ 15.15 \\). Current stock price for MSFT is \\( \\$ 374.38 \\). A) What is the most you can lose in this position in dollars and in percentage? Dollar Loss = Percentage Loss \\( = \\) B) What will be your profit/loss if MSFT is trading at \\( \\$ 340 \\) when options expire? Dollar Loss \\( = \\) Percentage Loss \\( = \\) C) What will be your profit/loss if