Question $18$

$5$ pts

You have reason to believe LGT stock is unlikely to move very far from its current price of $$69\mathrm{.}45.$ Therefore you decide to set up a short strangle us $2$ contracts each of the LGT May$75$ calls@$$4\mathrm{.}25$ and the LGT May $65$ puts @ $$3\mathrm{.}80.$

What is the high break$-$even price for your position?