An Option Strategy in Which You Hold a Long Position

question 43

Multiple Choice

An option strategy in which you hold a long position in both a put and a call option with the same strike price is called:

• A)a strangle.
• B)portfolio insurance.
• C)a butterfly spread.
• D)a straddle.

---

Definitions:

Relationship Repair

The actions taken to address issues, misunderstandings, or conflicts in a relation in order to restore positive connection and understanding.

Indirect Format

A communication method that does not state the main point directly at the beginning, often used to soften the message or build context.

Responsibility

The obligation to carry out duties or tasks assigned to one's role or position, often with an ethical component.

Internal Announcement

A communication distributed within an organization, typically concerning policy changes, staff updates, or other internal matters.