QUESTION $2$

$S=48,x=50,C=$$$4,P=$$$3$

A straddle requires purchasing one call and one put on the same asset with the same strike price. For this data the payoff for a straddle is

a$.$ $$2$

b$.-$$$1$

c$.$ $$0$

d$.-$$$7$

e$.-$$$5$