Reference the options chain for Caterpillar, Inc. $($ticker: CAT$)$ shown below. You plan to construct a long straddle using the $$105$ strike. You are only buying one of each respective option contract. Your upper BEP is $$ and your lower BEP is $$ State your answer in contract$-$level terms. Your answer should be a dollar amount with two decimal places of accuracy.

$($Note on viewing table below: You may have to use a horizontal scrollbar to see all of the columns in the table below.$)$

CAT Option Chain

Month: Nov $2020$

Calls

Puts

$\backslash$table$[[$Last$,$Change,Bid,Ask,Volume,Open Int.,Strike,Last,Change,Bid,Ask,Volume,$\backslash$table$[[$Open$],[$Int$.]]],[12\mathrm{.}40,--,14\mathrm{.}80,15\mathrm{.}45,--,32,100\mathrm{.}00,10\mathrm{.}70,-0\mathrm{.}27,10\mathrm{.}55,10\mathrm{.}90,12,426],[11\mathrm{.}75,--,12\mathrm{.}05,12\mathrm{.}65,-,154,105\mathrm{.}00,13\mathrm{.}00,-0\mathrm{.}65,12\mathrm{.}85,13\mathrm{.}25,28,403],[10\mathrm{.}05,+0\mathrm{.}74,9\mathrm{.}75,10\mathrm{.}10,10,211,110\mathrm{.}00,15\mathrm{.}54,-,15\mathrm{.}50,15\mathrm{.}95,$cdots,$308],[7\mathrm{.}70,+1\mathrm{.}70,7\mathrm{.}70,8\mathrm{.}10,2,622,115\mathrm{.}00,18\mathrm{.}64,--,18\mathrm{.}40,18\mathrm{.}95,-.,292]]$

Expires $11/20/2020$

Last Trade: $$105\mathrm{.}41($as of May $15,202011$:$06)$

$$130\mathrm{.}90,$$$79\mathrm{.}10$

$$117\mathrm{.}05,$$$92\mathrm{.}15$

$$129\mathrm{.}90,$$$80\mathrm{.}10$

$$11765,$$$91\mathrm{.}75$