Question: In the coming week, the outcomes from a class action lawsuit will result in a significant shock to the price of M, which may be

In the coming week, the outcomes from a class action lawsuit will result in a significant shock to the price of "M", which may be positive or negative. Thus, you decide to follow a Straddle strategy using a call option and a put option with strike 118, which have premiums of 17 and 10, respectively. If the stock price is 93 today, what is the total profit of your portfolio? Keep in mind that each call option contract controls 100 shares. Please round your answer to the nearest three decimals

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