Question: please show all work 2) You set up a Short Strangle on 100 shares of GM using one 570 call @ $1.50 and one $61
2) You set up a Short Strangle on 100 shares of GM using one 570 call @ $1.50 and one $61 put @ $3.92. At expiration GM is trading at $57.00 When you set up the strangle you collects On this strategy the lower breakeven price is 3 and the upper breakeven price is $ You hold the strangle to expiry so your profit (loss) is
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