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You establish a straddle on Walmart using September call and put options with a strike price of $60. The call premium is $4.75 and the
You establish a straddle on Walmart using September call and put options with a strike price of $60. The call premium is $4.75 and the put premium is $5.50. What is the most you can lose on this position? (Input the amount as positive value. Round your answer to 2 decimal places.) What will be your profit or loss if Walmart is selling for $69 in September? (Input the amount as positive value. Round your answer to 2 decimal places.) At what stock prices will you break even on the straddle? (Input your answers from highest to lowest to receive credit for your answers. Round your answers to 2 decimal places.)
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