You establish a straddle on Walmart using September call and put options with a strike price of $81. The call premium is $7.05 and the put premium is $7.80.

Required:

a. What is the most you can lose on this position? (Input the amount as positive value. Round your answer to 2 decimal places.)

b. What will be your profit or loss if Walmart is selling for $90 in September? (Input the amount as positive value. Round your answer to 2 decimal places.) c-1. What is the Break-even price for lower bound? (Round your answer to 2 decimal places.) c-2. What is the Break-even price for upper bound? (Round your answer to 2 decimal places.)

You establish a straddle on Walmart using September call and put options with a strike price of $81. The call premium is $7.05 and the put premium is $7.80. Required: a. What is the most you can lose on this position? (Input the amount as positive value. Round your answer to 2 decimal places.) Answer is complete and correct. Maximum loss $ 14.85 b. What will be your profit or loss if Walmart is selling for $90 in September? (Input the amount as positive value. Round your answer to 2 decimal places.) Answer is complete and correct. Loss of $ 5.85 c-1. What is the Break-even price for lower bound? (Round your answer to 2 decimal places.) Break-even price for lower bound c-2. What is the Break-even price for upper bound? (Round your answer to 2 decimal places.) Break-even price for upper bound