For what range of prices will you be able to make a profit

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Question: You decide to sell both a put option and a call option to create a strangle. The put option has a strike price of $53 and you sell it for $5.50. The call option has a strike price of 62 and you sell it for 4.25. For what range of prices in the underlying stock will you be able to make a profit on the total position?

Reference no: EM131965579

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