Question: A Moving to another question will save this response. Question 3 Suppose we want to create a pay off diagram for a long strangle. Let's

A Moving to another question will save this response. Question 3 Suppose we want to create a pay off diagram for a long strangle. Let's assume the stock is currently trading at $60.00. We buy a call with a strike price of 565 for a premium of 53.13 and we buy a put with a strike price of $50 with a premium of 5.88. What are the gains or losses (per share) from the call when the stock price is $57 A loss of $3.13 B. Gain of $3,13 c Gain of $8.13 D.Loss of $4.72 Moving to another question will save this response

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