You Buy a Call Option on Summit Corp

question 55

Multiple Choice

You buy a call option on Summit Corp.with an exercise price of $40 and an expiration date in September and write a call option on Summit Corp.with an exercise price of $40 and an expiration date in October.This strategy is called a _________.

• A) time spread
• B) long straddle
• C) short straddle
• D) money spread

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Definitions:

Ileostomy

An ileostomy is a surgical procedure in which a portion of the ileum is diverted to an artificial opening in the abdominal wall, allowing waste to bypass the colon.

Stool Incontinence

Another term for fecal incontinence, describing a loss of control over bowel movements leading to involuntary release of stool.

Black Stool

Stool that is dark in color, often an indicator of gastrointestinal bleeding or the consumption of certain substances or foods.

Fecal Occult Test

A screening test used to detect hidden blood in the stool, which can be an early sign of colorectal cancer or other digestive system diseases.