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Please answer the following two 21. Option Strategies (LO3, CFA5) You buy a straddle, which means you purchase a put and a call with the

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Please answer the following two

21. Option Strategies (LO3, CFA5) You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $2.80 and the call price is $4.20. Assume the strike price is $75. What are the expiration date profits to this position for stock prices of $65, $70, $75, $80, and $85? What are the expiration date profits for these same stock prices? What are the break-even stock prices? 22. Index Option Positions (LO3, CFA3) Suppose you buy one SPX call option with a strike of 2125 and write one SPX call option with a strike of 2150. What are the payoffs at maturity to this position for S&P 500 index levels of 2050, 2100, 2150, 2200, and 2250

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