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XYZ CORP Exercise NYSE Date Price Price Close Calls OCT 85 16 3/4 101 11/16 90 12 101 11/16 OCT 95 7 5/8 101 11/16
XYZ CORP Exercise NYSE Date Price Price Close Calls OCT 85 16 3/4 101 11/16 90 12 101 11/16 OCT 95 7 5/8 101 11/16 Puts 85 1/8 101 11/16 90 3/8 101 11/16 OCT 95 13/16 101 11/16 If you establish a long straddle using the options with an 85 exercise price, what is your dollar gain or loss if at expiration XYZ is trading at 100 13/16? (Keep 2 decimal places)
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