Suppose an individual investor has implemented a straddle trading strategy. The investor purchased a 6-month European call option with the strike price of $58 on the stock of a specific firm for $5, and simultaneously purchased a 6-month European put option on the stock of the same firm for $4 with the strike price of $58. If the current price of the underlying stock is $65. what is the profit of the straddle strategy? Answer: Suppose an individual investor has implemented a straddle trading strategy. The investor purchased a 6-month European call option with the strike price of $58 on the stock of a specific firm for $6, and simultaneously purchased a 6-month European put option on the stock of the same firm for $5 with the strike price of $58. If the current price of the underlying stock is $65. what is the profit of the straddle strategy