Anyone able to answer this 1st year derivatives problem in all its entirety?

Practice question Consider a 1-year long strangle with strikes of 700 and 900, and a 1-year straddle with a strike of 800 on TSLA stock. The spot price is $815 and its volatility is 45%. The risk-free rate is 4% and the stock will pay no dividend. Note that for this question, you can use Derivagem to price the options and displays the trees. No need to show the calculation of the nodes unless specifically asked. (a) Use a 6-step binomial tree to price the strangle. What are the break-even point(s), the maximum profit and maximum loss of this strategy? (note: up and down movements need to match the volatility. Show all the tree parameters). (2 marks) (b) Use a 6-step binomial tree to price the straddle. What are the break-even point(s), the maximum profit and maximum loss of this strategy? (2 marks) (c) Comment on the two strategies with respect to their costs and break-even points. (2 marks) Practice question Consider a 1-year long strangle with strikes of 700 and 900, and a 1-year straddle with a strike of 800 on TSLA stock. The spot price is $815 and its volatility is 45%. The risk-free rate is 4% and the stock will pay no dividend. Note that for this question, you can use Derivagem to price the options and displays the trees. No need to show the calculation of the nodes unless specifically asked. (a) Use a 6-step binomial tree to price the strangle. What are the break-even point(s), the maximum profit and maximum loss of this strategy? (note: up and down movements need to match the volatility. Show all the tree parameters). (2 marks) (b) Use a 6-step binomial tree to price the straddle. What are the break-even point(s), the maximum profit and maximum loss of this strategy? (2 marks) (c) Comment on the two strategies with respect to their costs and break-even points. (2 marks)