You establish a long straddle on Walmart using September at the money call and put options. The current strike price is $50. The call premium is $4.25 and the put premium is $5.

A). What is the most you can lose on this position? At what stock price does this occur?

B). What is your profit/loss if the stock price is $58?

C). At what stock prices will you break even on the straddle?

Please Show Work and Explain!