Question: please show work 2. A trader creates a long strangle with put options with a strike price of S160 per share, and call options with
2. A trader creates a long strangle with put options with a strike price of S160 per share, and call options with a strike of $170 per share by trading a total of 30 option contracts (15 put contracts and 15 call contracts). Each contract is written on 100 shares of stock. The put option is worth $13 per share, and the call option is worth $11 per share. A. What is the value of the strangle at maturity as a function of the then stock price? B. What is the profit of the strangle at maturity as a function of the then stock price
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