The condor is a specialised position that involves taking positions in options on the same

underlying asset and with the same expiration date. The profit diagram for a long condor

position is illustrated in the picture

$($a$)$ Determine the current stock price

$($b$)$ Design two strategies you need to undertake in order to execute the condor with the profit

diagram described in the graph above.

i$.$ Outline the positions for the two strategies

ii$.$ Calculate the cost of the initial condor position for the two strategies

iii. Write down the profit equation for the two strategies

iv$.$ Determine the break$-$even points for the two strategies

v$.$ Determine the maximum and minimum profit for the two strategiesProfit$/$L

Using the graph above and the table below that lists various options positions you can take, answer the following questions:

$\backslash$table$[[$Class$,$Exercise Price,Option Premium,Expiration Date$],[$Call$,$$$85,$$$21\mathrm{.}0000,1$ year$],[$Put$,$$$85,$$$0\mathrm{.}2727,1$ year$],[$Call$,$$$90,$$$18\mathrm{.}0000,1$ year$],[$Put$,$$$90,$$$1\mathrm{.}8182,1$ year$],[$Call$,$$$95,$$$15\mathrm{.}0000,1$ year$],[$Put$,$$$95,$$$3\mathrm{.}3636,0\mathrm{.}5$ year$],[$Call$,$$$100,$$$12\mathrm{.}0000,1$ year$],[$Put$,$$$100,$$$4\mathrm{.}9091,1$ year$],[$Call$,$$$105,$$$9\mathrm{.}4000,1$ year$],[$Put$,$$$105,$$$6\mathrm{.}8545,1$ year$],[$Call$,$$$110,$$$6\mathrm{.}0000,1$ year$],[$Put$,$$$110,$$$8\mathrm{.}0000,1$ year$],[$Call$,$$$115,$$$3\mathrm{.}0000,1$ year$]]$