You buy a straddle on a share of Franklin, Inc with a strike price of $54.50. The premium on the call is $2.25 and the premium on the put is $2.00. Calculate the net profit or loss from straddle at the time of expiration the price per share of Franklin is $41.00.

		$11.50
		$9.25
		$-13.75
		$-2.25