What is your net profit on position

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You think the price of AMZN stock, which is currently $900 is likely to change significantly over the next three months, you are just not sure which direction. So you buy a long straddle position, with a call and put option, worth $24 and $24 per share, respectively, three months to expiration, and a strike price of $900. If at expiration AMZN is trading at $917, what is your net profit on this position? Remember that option contracts come in multiples of 100 shares.

Reference no: EM131878500

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