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Function to Plot payoffs / profit and loss of European Call/Put.
basicpayoffs()
Plot of payoffs / profit and loss of European Call/Put.
The user inputs are as follows: Position: choose Long/Short/both Option Type: chosen between Call/Put Plot Type: chosen between Payoff/Profit-and-Loss
John C. Hull, "Options, Futures, and Other Derivatives", 8/E, Prentice Hall, 2012.
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