An option-trading strategy has a gross payoff that is depicted by the purple line in the diagram below.

Which of the following describes the component legs of this option-trading strategy?
This question can be answered by using your intuition.

Question

An option-trading strategy has a gross payoff that is depicted by the purple line in the diagram below.

Which of the following describes the component legs of this option-trading strategy? 
 This question can be answered by using your intuition.

Answer

One long call strike $60, one short call strike $80, one long put strike $100, one short put strike $120

Answer

One short put strike $80, one short call strike $100

Answer

One long call strike $60, one short put strike $80, one long put strike $120, one short put strike $100

Answer

One long call strike $60, one short call strike $80, one short call strike $100, one long call strike $120

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