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Question 1 2 . 2 3 : A trader sells a strangle by selling a 7 - month European call option with a strike price

Question 12.23 :
A trader sells a strangle by selling a 7-month European call option with a strike price of $60 for $4 and selling a 7-month European put option with a strike price of $50 for $5. For what range of prices of the underlying asset in 7 months does the trader make a profit?

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