1. We are going to reproduce the example in the notes

2. We need to choose whether we are long/short the asset

3. The structure is will assumed to be zero cost

4. For a producer (long) they set a floor where they are protected. Lets say 80

5. So we can choose the other 2 strikes

6. Note the sold put (to generate income) allows us to set the sold call to be higher tham normal

7. Choose these 2 strikes so that the net premium of the structure is zero