Question: Question: Construct a strangle (long) to speculate on both sides of stock price moves using Option #2 and Option #3. DRAW the payoff and profit

 Question: Construct a strangle (long) to speculate on both sides of

Question: Construct a strangle (long) to speculate on both sides of stock price moves using Option #2 and Option #3. DRAW the payoff and profit graph for this positon.

CVNA (Carvena) closed at $26.2 on Sep. 23rd,2022. The option information is given as follow: \begin{tabular}{|c|c|c|c|c|} \hline & Strike Price & Exp. Date & Premium & Call or Put \\ \hline Option \#1 & $20 & Sep. 30th,2022 & $0.25 & P \\ \hline Option \#2 & $22 & Sep. 30th,2022 & $0.78 & P \\ \hline Option \#3 & $28 & Sep. 30th,2022 & $1.30 & C \\ \hline Option \#4 & $30 & Sep. 30th,2022 & $0.81 & C \\ \hline \end{tabular}

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