TSLA price is currently at $440. You just bought 5 contracts of at-the-money straddle at strike (K) of $440 and expiry in Dec 2020 for a price of $110. What will be the payoff at expiry to your straddle position if the TSLA price at expiry is (i) $200 , (ii) $450 , and (iii) $1000 . 1 contract is 100 shares. Answer in integers
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TSLA price is currently at $440. You just bought 5 contracts of at-the-money straddle at strike (K)...
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