QUESTION 1 You form a long straddle by buying a call with a premium of C = $6, and buying a put with a premium of P = $4. Both options have an exercise price of X = $22, both mature in 4 months, and both have the same underlying asset. Find the profit of this straddle when the price of the underlying asset is 5 = $90. Do NOT use the S symbol in your answer, just write a numerical value. Of course, include the negative sign if the answer is negative; but do not include the positive sign if the answer is positive. QUESTION 2 You form a long straddle by buying a call with a premium of C = $7, and buying a put with a premium of P = $5. Both options have an exercise price of X = $30, both mature in 2 months, and both have the same underlying asset. Find the profit of this straddle when the price of the underlying asset is S = $38. Do NOT use the S symbol in your answer, just write a numerical value. Of course, include the negative sign if the answer is negative; but do not include the positive sign if the answer is positive