Suppose you purchase one March 106 call contract at $4.55 and write one March 110 call contract at $0.45. (10)

A) What is the maximum potential profit of your strategy? What is the maximum loss you could suffer from your strategy? B) If, at expiration, the price of the stock is $108, what would your profit be?

C) What is the lowest stock price at which you can break even?

D) Suppose you purchase one March 110 call contract at $0.45 and one put March 95 put contract at $3.05, if at expiration, the price of the stock is $117.5, what would your profit/loss be?

E) For the straddle strategy above, what is the stock price at which you can break-even?