How much will it cost you to set up the straddle

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Question: You decide you want to set up a long straddle on an index that currently stands at 15,700 by purchasing 250 calls and puts on the index, both of which expire in three months and have a strik price of 157. The put price is listed at $4.90 and the call sells for $5.85. How much will it cost you to set up the straddle?

Reference no: EM133331665

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