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The following September contracts for South African Rand (ZAR) available: A call option with a strike price of $0.072, selling for $.0034 A put option

The following September contracts for South African Rand (ZAR) available: A call option with a strike price of $0.072, selling for $.0034 A put option with a strike price of $0.059, selling for $.0022 Under what conditions (expectation for September spot rates) would a speculator want to take a strangle position in ZAR here? Specifically, what range of spot rates would lead to expected profits for such a speculator? Show any calculations and draw the contingent profit graph for the strangle position.

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