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You establish a short straddle on ABC stock which is trading at $85. You have received following quotes on options (100 options per contract): EXPIRE

You establish a short straddle on ABC stock which is trading at $85. You have received following quotes on options (100 options per contract): EXPIRE STRIKE PRICE CALLS DEC 85 4.15 DEC 95 1.86 PUTS DEC 85 5.42 DEC 95 10.45

What is your dollar gain or loss if at expiration ABC is trading at $90 or $70, respectively?

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