A trader sold a sep 50 straddle for 8 at expiration the


A trader sold a Sep 50 straddle for $8. At expiration, the stock closed at $49. What was the net result after the stock was delivered to the trader who then sold the stock for $47.50?

  • $6.50 profit
  • $7.50 profit
  • $4.50 loss
  • $5.50 profit

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Accounting Basics: A trader sold a sep 50 straddle for 8 at expiration the
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