QUESTION 1 You form a long straddle by buying a call with a premium of C = $3, and buying a put with a premium of P = $3. Both options have an exercise price of X = $28, both mature in 3 months, and both have the same underlying asset. Find the profit of this straddle when the price of the underlying asset is 5 = $56. Do NOT use the $ 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 = $8, and buying a put with a premium of P = $7. 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 = $33. Do NOT use the $ 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 3 You form a long straddle by buying a call with a premium of C = $8, and buying a put with a premium of P = $8. Both options have an exercise price of X = $49, 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 5 = $42. Do NOT use the $ 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