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You call Mrs. Johnson and explain the reasons why you decided to close the Butterfly. The upcoming announcements will likely have a substantial impact on

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You call Mrs. Johnson and explain the reasons why you decided to close the Butterfly. The upcoming announcements will likely have a substantial impact on NFLX, but the direction of the change is uncertain depending on whether the news are good or bad. Mrs. Johnson asks your opinion about creating a Straddle. In this way, she would gain in both cases (good news or bad news), as long as the price change is substantial. You go ahead and create the Straddle using a call option and a put option with strike 119, which have premiums of 18 and 11, respectively. If the stock price is 115 today, what is the total profit of your portfolio? Keep in mind that each call option contract controls 100 shares. ***Please round your answer to the nearest three decimals

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