Question: A trader constructs a straddle by buying a call option with a strike price of $ 5 0 for $ 3 and buying a put

A trader constructs a straddle by buying a call option with a strike price of $50 for $3 and
buying a put option with a strike price of $50 for $4. For what range of prices of the underlying
asset does the trader make a profit?
A. below $50 or above $50
B. below $47 or above $54
C. between $43 and $57
D. below $43 or above $57

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