Question: please answer question 3B, thank you 3. Draw the payoff and profits of this strategy: (30 points) a. You establish a straddle on Walmart using

please answer question 3B, thank you
please answer question 3B, thank you 3. Draw the payoff and profits

3. Draw the payoff and profits of this strategy: (30 points) a. You establish a straddle on Walmart using September call and put options with a strike price of $50. The call premium is $4 and the put premium is $5. What are the breakeven points? b. You want to lower your total cost. Following the previous straddle strategy, additionally, you sold a $60 call for $2 premium and sold another $20 put for $1 premium. Draw the payoff and profit of this butterfly strategy. What are the breakeven points

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