Net result after the stock

Reference no: EM131016933

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

Reference no: EM131016933

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