Question: Please show work! You buy a put option on a stock at a premium of $2.5. The strike price of the option is $35. At

Please show work!
You buy a put option on a stock at a premium of $2.5. The strike price of the option is $35. At what price of the stock will you break even on this put option? $30.0 $32.5 $35.0 $37.5 $40.0 A straddle is constructed using a call option and a put option. The premium of the call is $2 and the premium of the put is $3. The stock price is $25 and the strike price of the options is $30. What is the profit of the straddle investor? - $5 - $2 $0 $2 $3
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