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Writing a Straddle: Barry WRITES a straddle on Wintergreen that has a strike price of $40.60. The premium of the call is $4.10 and the
Writing a Straddle: Barry WRITES a straddle on Wintergreen that has a strike price of $40.60. The premium of the call is $4.10 and the premium of the put is $6.75. Calcuate the net profit or loss on the WRITING of the straddle if at the time of expiration the price per share of Wintergreen is $81.10.
$_______________________
Place your answer with dollars and cents without a dollar sign. Enter negative answers with a "minus" sign. For example, if your answer is negative two dollars and seventy five cents, then enter -2.75.
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