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XYZ stock is trading at $295/share. A trader buys a long straddle in XYZ stock by buying a 300 strike call option for 13.00 and

XYZ stock is trading at $295/share. A trader buys a long straddle in XYZ stock by buying a 300 strike call option for 13.00 and a 300 strike put option for 7.00, a total of $20. What is the trader's maximum possible loss per share? (enter 4.00, not 400, for one spread).

XYZ stock is trading at $295/share. A trader buys a long straddle in XYZ stock by buying a 300 strike call option for 13.00 and a 300 strike put option for 7.00, a total of $20. What is the trader's maximum possible gain per share on the upside?

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