Question: Please answer both questions clearly 1) A Long Straddle position has; Unlimited loss potential, and limited gain potential Limited loss potential, and unlimited gain potential

Please answer both questions clearly
 Please answer both questions clearly 1) A Long Straddle position has;

1) A Long Straddle position has; Unlimited loss potential, and limited gain potential Limited loss potential, and unlimited gain potential Unlimited loss potential, and unlimited gain potential No gain or loss potential, it is a pure hedge None of the above 8) You are short a $75 call on 100 shares of Home Depot with a premium of $4.29/share. When the option expires Home Depot is trading at $72.00 The premium (paid) collected on this option is $ The intrinsic value of this option is $ The profit (loss) on this option is $ The breakeven price on this option is $

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