[Solved] Using options to place a bet on the direction in which you believe the market is likely to move is called: A)speculation. B)hedging. C)a covered position. D)a naked position. Rule Of Reason: A legal doctrine used in antitrust law to determine if a business practice is anti-competitive, considering if it has legitimate business purposes and its overall impact on competition. Case: A specific instance or example of something, often used to study or illustrate a particular issue or principle. World History: The comprehensive record of events and movements that have shaped cultures and civilizations across the globe throughout centuries. Largest Merger: The process of combining two or more companies into one, where the resulting entity is larger than any of the original companies, often in terms of market share, revenues, or assets.