Amy Bought a $50 May Call and a $50 May

question 83

Multiple Choice

Amy bought a $50 May call and a $50 May put on the same underlying stock. This strategy is referred to as which one of the following?

• A)bull spread
• B)bear spread
• C)parity play
• D)short straddle
• E)long straddle

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Definitions:

LCIS

Lobular Carcinoma In Situ, a non-invasive condition where abnormal cells are found in the lobules of the breast.

Abbreviation

The process or result of reducing a word or group of words to shorter form intended to represent the full form.

TSE

Transmissible Spongiform Encephalopathies, a group of progressive, invariably fatal, neurological disorders related to prion diseases.

Meaning

The significance, definition, or interpretation of a word, phrase, sentence, or text.