Question 1: An investor buys a call and a put of apple at the same strike ($105) and same maturity (6 months from today). The prices for call and put are $3 and $2.5, respectively, and the current price for apple is $105.

Three month later, investor make money from selling the call and put at the same time. Assume that there is no transaction cost, what are all possible ranges of the price for the apple stock after 3 months?