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What price will they make profit if a trader take a simultaneous short position in the following option: a call option with a strike price

What price will they make profit if a trader take a simultaneous short position in the following option:

  • a call option with a strike price of $50 and premium of $3
  • a put option with a strike price of $40 and premium of $4

can you draw a diagram with it

What was trader view on this asset price and why they take this position

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