Question: Construct a long strap using the 170 strike options. Identify the break-even prices? The options for Microsoft (stock price $165.13) are trading at the following

Construct a long strap using the 170 strike options. Identify the break-even prices? The options for Microsoft (stock price $165.13) are trading at the following prices: Strike Call Put $165 $8.10 $6.75 $170 $3.25 $7.50

$142 and 177

$142 and 179

$156 and 177

$156 and 179

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