A strangle is created by buying a put and buying a call on the same stock with

Question:

A strangle is created by buying a put and buying a call on the same stock with a higher strike price and the same expiration. A put with a strike price of $100 sells for $6.75 and a call with a strike price of $110 sells for $8.60. Draw a graph showing the payoff and profit for a straddle using these options.

Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity.