Use the following option chain for the following questions. The current stock price is $147.73....
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Finance
Use the following option chain for the following questions. The current stock price is $147.73.
You expect a large swing in price but are unsure about the direction. You decide to implement an option straddle strategy with a strike of $145 (no stock ownership). What is the strategy profit/loss with a stock price of $114 at expiration?
You expect a large swing in price but are unsure about the direction. You decide to implement an option straddle strategy with a strike of $150 (no stock ownership). What is the strategy profit/loss with a stock price of $112 at expiration?
Calls Puts Last Price Strike Last Price 33.00 115 0.32 32.03 120 0.45 $ 29.12 125 0.69 $ 18.60 130 1.11 $ 14.00 135 1.86 $ 10.50 140 3.03 $ 7.50 ta 145 5.05 $ 4.95 150 7.38 $ 3.20 $ 155 10.60 $ 2.02 160 $ 14.58 $ 1.23 ta 165 $ 18.50 $ 0.81 $ 170 $ 23.97 $ 0.52 $ 175 $ 27.75 $ 0.36 $ 180 $ 29.20
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