An Option Strategy in Which You Hold a Long Position

question 43

Multiple Choice

An option strategy in which you hold a long position in both a put and a call option with the same strike price is called:

• A)a strangle.
• B)portfolio insurance.
• C)a butterfly spread.
• D)a straddle.

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Definitions:

DSL Modems

Devices that provide internet access by transmitting digital data over the wires of a local telephone network.

Broadband Access

High-speed internet access that is always on and faster than the traditional dial-up access.

Fiber-Optic Cables

Transmission medium made of glass or plastic fibers that carry light signals, enabling high-speed data transmission over long distances.

Telecommunications

Telecommunications is the transmission of information over considerable distances by electronic means, encompassing phone, internet, and broadcast media.