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The data is as of the close of business on November 15, 2023 and the stock closed at a price of $242. For all questions,

The data is as of the close of business on November 15, 2023 and the stock closed at a price of $242. For all questions, assume you are a customer, not a dealer and assume all option contracts are for one share.

Calculate the net premium for a short straddle, expiry Dec 08, stuck at $245.

Calculate the net premium for a long straddle, expiry Dec 08, stuck at $245.

Please explain your answer
Options Chain Total Records: 30 Calls Fri Dec 012023 Puts Calls Fri Dec 082023 Puts

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