Question: 10: You sell a straddle. The current price of the stock is $30. The 12-months 51-strike call is $3.13 and the 12- month 51-strike put

10: You sell a straddle. The current price of the stock

10: You sell a straddle. The current price of the stock is $30. The 12-months 51-strike call is $3.13 and the 12- month 51-strike put is $2.17. If the time value is not considered and the stock price at expiration is $39, find the potential profit from this trading strategy. (A) -9.70 (B) -7.70 (C) -5.70 (D) -8.70 (E) -6.70 10: Select

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