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You establish a straddle on Walmart using September call and put options with a strike price of $64. The call premium is $4.95 and the

You establish a straddle on Walmart using September call and put options with a strike price of $64. The call premium is $4.95 and the put premium is $5.70.

a.

What is the most you can lose on this position? (Input the amount as positive value. Round your answer to 2 decimal places.)

Maximum loss $

b.

What will be your profit or loss if Walmart is selling for $72 in September? (Input the amount as positive value. Round your answer to 2 decimal places.)

(Click to select)ProfitLoss $

c.

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.)

Break even prices $ and $

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