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You currently have a position on a strap. A strap is a combination of one long put and two long calls on the same stock.

You currently have a position on a strap. A strap is a combination of one long put and two long calls on the same stock. You bought the call and puts at the premiem of $2 per option. These options have the same expiration date and the same exercise price of $30. If the stock price is $23, what is your net income?

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