The trader buys a call option (call) for a share of COMPANY X with a transaction price of $ 35 and a put option with a transaction price of $ 32. Both options have the same maturity. The premium paid for the call option is $ 2 and the premium paid for the put option is $ 3.

Questions:

Describe and show on a graph what the trader's profit will be at the prices of the underlying assets different from the proposed strategy

Briefly describe the vision that the trader should have and the strategy chosen

Suppose now that a trader buys call and put options with the same transaction price and maturity. Suppose the transaction price (strike) is, for example, 34. How does the trader's vision differ from the previous point of the survey?