This is a fun question. Put together a straddle using 1 22.5 call and 1 22.5 put. Assume you trade each at the market. Now assume that the price of the stock falls to $13. At expiration your total return is: 1. (35.52)%

2. 0%

3. 35.52%%

4. +100.00%

5. (100.00)%