You Buy One Home Depot June 60 Call Contract and One

Multiple Choice

You buy one Home Depot 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.