The payoff diagram below refers to a short straddle, i.e. a short position in calls combined witha short position in puts. The call has a strike price of S6.00/bu and premium of S0.60/bu, and the put costs $0.05??. Letter A is a possible profit/loss with this straddle, and letters B, C, and D are possible underlying futures price. a. Determine the values of A, B, C, and D b. What price range yields a profit for this straddle? c. What price range yields a loss for this straddle? d. What is the maximum loss with this short straddle? Explain your answer. e. What is the maximum gain with this straddle? Explain your answer. payoff underlying futures price