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The option premium on a $20 strike price put option is $5. The premium on call option with the same strike price is $3. What
The option premium on a $20 strike price put option is $5. The premium on call option with the same strike price is $3. What are the maximum loss and gain on straddle strategy created with these options?
A. $8 loss; $20 gain
B. $8 loss; unlimited gain.
C. unlimited loss: $20 gain.
D. $2 loss: unlimited gain.
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