The market price for Apple was between $27.66-$28.24 and closed at $27.98 today. Haylie bought one apple call contract

And one apple put contract. The strike price for both call and put is $30 and the expiration date for both call and put is June 15, 2021. Call premium is $2.35 and the put premium is $4.40.

1. what is this investment strategy called?

2. what kind of "bet" is Haylie making; that is, what must she believe about the Apple stock price of future movement

3. at what price(s) wil haylie break even

4. discuss how she can profit or reduce the loss of the premium. explain how to utilize these two contracts to profit or to reduce the cost of premiums. Specify the actions such as exercise call/put or let call/put expire or exercise both, let both expire etc.