Multiple Choice
You buy one Loews June 60 call contract and one June 60 put contract. The call premium is $5 and the put premium is $3. Your strategy is called
A) a short straddle.
B) a long straddle.
C) a horizontal straddle.
D) a covered call.
E) None of the options are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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