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A one month call option on an index with a strike price of 1,350 costs $10. A one month put option on the same index
A one month call option on an index with a strike price of 1,350 costs $10. A one month put option on the same index with a strike price of 1,300 and costs $12. Each option is for $1 times the index. A trader uses the options to buy a strangle. For which values of the stock price in three months does the trader breakeven i.e. profit of zero? 1,278 or 1,372 1.300 or 1.350 1.352 or 1.298 1.288 or 1.365
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