answer with explanation please

Problem 1 - 5 pts A strangle is an option trading strategy, in which the trader holds a position in both call and put. As well as in the straddle, the underlying asset and the maturity in both contracts (i.e. put and call options) are the same, but the exercise prices of put and call are not the same (recall, that the exercise prices of put and call in a straddle were the same). Suppose that the exercise price of a put is K, and the exercise price of a call is Ke and that K, K for call or put options on the exercise session. For solving this problem, you will have three conditions: it is either Sr