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XYZ stock is trading at $295/share. A trader buys a long strangle in XYZ stock by buying a 280 strike put option for 5.40 and
XYZ stock is trading at $295/share. A trader buys a long strangle in XYZ stock by buying a 280 strike put option for 5.40 and a 320 strike call option for 0.60, a total of $6.00. What is the trader's maximum possible gain per share on the downside? $280 $295 O $274 O Infinity XYZ stock is trading at $295/share. A trader buys a long strangle in XYZ stock by buying a 280 strike put option for 5.40 and a 320 strike call option for 0.60, a total of $6.00. . What are the break-even points? O $289.00: $286.00 O $274.00; $326.00 O $285.40: $319.40
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