You sell one Tencent call option and sell one Tencent put option. The exercise price is $45.00, the call premium is $1.45, and the put premium is $4.50. Your strategy will pay off only if the stock price is ________ at maturity.

		between $45.50 and $51.45
		between $44.05 and $55.95
		either lower than $44.05 or higher than $55.95
		either lower than $45.50 or higher than $51.45
		none of the above