You are opening both a short call and a short put position for the same stock and maturity at the exercise price of X$=$$$36.$ The call costs c$=$$$5$ and the put costs p$=$$$4.$ When will you have a profit on this combined option strategy?

If the stock price is between $$31$ and $$40$

If the stock price is between $$32$ and $$41$

If the stock price is between $$27$ and $$45$

If the stock price is below $$27$ or above $$45$