Question: TYPE OUT answer please and show all work. Do not use excel or write it by hand. Type out formula when possible. Long strangle Long

TYPE OUT answer please and show all work. Do not use excel or write it by hand. Type out formula when possible.

Long strangle

Long 10 ABC 25 March Put $.70

Long 10 ABC 30 March call $1.20

  1. Debit/Credit
  2. What is the max profit?
  3. What is max loss
  4. What is the breakeven point?
  5. Profit/Loss at $22/$24/$31/$40

2. Please say if its in/out the money and WHY

3. Explain If I have a stock Position and how many stocks are bought or sold.

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