Tesla announced earnings after the bell yesterday. Just before market close yesterday, the following was observed: The the ask price for TSLA was $730. The July Netflix 750 call option ask price was $15.00. The July Netflix 750 put option ask price was $15.00.

a. WITHOUT looking at the results in part b below, describe the strategy have taken to profit from a strong move in Netflix stock in either direction using these options and how much your strategy would cost, assuming single contract(s) (ignoring transaction costs). You planned to close your positions when the market opened this morning

b. After the bell last night, Tesla announced earnings that beat expectations by a mile. The stock opened today at $780. The July 750 call bid price was $35 at the open and the July 750 put bid price was $5. Assume you closed your option position(s) at the open. Provide a detailed accounting of your profit or loss resulting from the strategy employed in part a.)