You are creating a Straddle long position by buying a stock call option and buying a stock put option simultaneously. The two options have the same strike prices at $40 per share. The call premium is $3 per share and the put premium is $6 per share.

Your profit/loss from the put option if the stock price becomes $70

What is the Break-Even point of the put option?

What is your overall profit from the Straddle if the stock price becomes $50?

What is the profit for the call option writer, if stock price gets to $40?