Lesson 03 - 02 Question and Answer

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2. Long Strangle

Buy 1 — 5500 CALL @ 136.1

Buy 1 — 5400 PUT @ 151.5

A. Spread Price: 287.6 (debit)
B. Max profit: unlimited*
C. Max loss: -287.6
D. Break even 1: 5112.4
     Break even 2: 5787.6