You establish a straddle on Walmart using September call and put options with a strike price of $$95.$ The call premium is $$775$ and the put premium is $$8\mathrm{.}50.$

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.$)$

Maximum loss

b$.$ What will be your profit or loss if Walmart is selling for $$101$ in September? $($Input the amount as positive value. Round your answer to $2$ decimal places.$)$

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