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An option writer sells a “Strangle” with strike prices of $33 for the put and $41 for the call on BHP shares, that costs $0

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An option writer sells a “Strangle” with strike prices of $33 for the put and $41 for the call on BHP shares, that costs $0.26 and $0.06 respectively. What is the profit (loss) for the option writer from this strategy if BHP’s share price at expiry of the options is $37? One option contract is for 1000 shares.

Group of answer choices

A. Loss of $8320

B. Loss of $7680

C. Profit of $320

D. Profit of $4320