A trader takes a long position in a strap combination with ATM options that mature in 6 months (two calls and one put). The underlying is a non-dividend paying stock, currently at $200. The price of an ATM call and an ATM put are $15 and $12, receptively. What is the minimum positive return over the next 6 months that results in a positive profit for the trader? 10.5% 21.0% 20.5% 10.0%

A trader takes a long position in a strap combination with ATM options that mature in 6 months (two calls and one put). The undertying is a non-dividend paying stock, currently at $200. The price of an ATM call and an ATM put are $15 and $12, receptively. What is the minimum positive return over the next 6 months that results in a positive profit for the trader? 10.58 20.5% thouk A trader takes a long position in a strap combination with ATM options that mature in 6 months (two calls and one put). The undertying is a non-dividend paying stock, currently at $200. The price of an ATM call and an ATM put are $15 and $12, receptively. What is the minimum positive return over the next 6 months that results in a positive profit for the trader? 10.58 20.5% thouk