XYZ CORP
	Exercise	NYSE
	Date	Price	Price	Close Price (Date)
Calls	OCT	85	16 3/4	101 11/16
	OCT	90	12	101 11/16
	OCT	95	7 5/8	101 11/16
Puts	OCT	85	1/8	101 11/16
	OCT	90	3/8	101 11/16
	OCT	95	13/16	101 11/16

1. 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 still trading at 101 11/16?

2. If you establish a long strap using the options with an 85-exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

3. If you establish a long strip using the options with an 85 exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

(Please explain approach as much as possible)