You sell one August 50 call contract and sell one August 50 put contract. The call premium is $1.25 and the put premium is $4.50. Your strategy will pay off only if the stock. price is Lin August. between $44.25 and $55.75 B.either lower than $44.25 or higher than $55.75 O c. higher than $55.75 OD. lower than $44.25