Question: Problem 15-7 (Algo) You establish a straddle on Walmart using September call and put options with a strike price of $86. The call premium is

Problem 15-7 (Algo) You establish a straddle on Walmart using September call and put options with a strike price of $86. The call premium is $7.30 and the put premium is $8.05. Required: a. What is the most you can lose on this position? (Input the amount as positive value. Round your answer to 2 decimal places.) Maximum loss b. What will be your profit or loss if Walmart is selling for $90 in September? (Input the amount as positive value. Round your answer to 2 decimal places.) of
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