Question: 1. A trader buys a call option with a strike price of $87 and a put option with a strike price of $83. Both options

1. A trader buys a call option with a strike price of $87 and a put option with a strike price of $83. Both options have the same maturity. The call costs $3 and the put costs $5. Draw a diagram showing the variation of the traders profit with the asset price.

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