[Solved] What activities take place during the component design step of the systems development life cycle (SDLC)? At The Money: Describes an option where the current price of the underlying asset is equal to the strike price of the option. Dramatic Decline: A rapid and significant drop in the value or price of an asset or market. Naked Strategy: A trading tactic involving the speculative purchase or sale of financial instruments without protective measures to offset potential losses. Long Put: An options strategy where an investor purchases a put option, betting that the underlying asset's price will decline below the strike price before expiration.