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You sell one Hewlett Packard August call contract and sell one Hewlett Packard August put contract with identical strike price of $50. The call premium

You sell one Hewlett Packard August call contract and sell one Hewlett Packard August put contract with identical strike price of $50. The call premium is $1.25 and the put premium is $4.50. Plot the profit graph. Identify the option strategy and explain the rationale thereof.

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