Problem 9. Option Strategies You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.30 and the call price is $5.40. Assume the strike price is $125. a. What are the expiration date payoffs to this position for stock prices of $115, $120, $125, $130, and $135? What are the expiration date profits for these same stock prices? (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required. Round your "Total profit" answers to 2 decimal places.) Stock price Call payoff Put payoff Total payoff Total profit $ 115 120 $ $ 125 $ 130 135 $ b. What are the break-even stock prices? (Round your answers to 2 decimal places.) High Low Break-even prices