A Long Position in a Bearish 90/100 Call Spread Plus

question 22

Multiple Choice

A long position in a bearish 90/100 call spread plus a long position in a bullish 90/100 put spread for the same maturity is:

• A)An options strategy to short the stock.
• B)An options strategy to go long the stock.
• C)Always in-the-money at maturity.
• D)A sophisticated approach to borrowing money.

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Definitions:

Adversarial

A system, situation, or process characterized by conflict or opposition, typically seen in legal contexts where two parties contest against each other.

Inquisitorial

Pertaining to a legal system where the judge actively investigates the facts of the case, as opposed to the adversarial system.

Legal Ethics Codes

Established guidelines and principles that govern the professional conduct of lawyers and legal practitioners.

Progressive Era

A period of widespread social activism and political reform across the United States, from the 1890s to the 1920s, aiming to address issues caused by industrialization.