An investor purchased a put option and wrote a call option at an exercise price higher than that of the long put option.The strategy is known as a:

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This strategy is known as a vertical bear spread. It involves buying a put option (long put) and writing a call option (short call) with the call having a higher exercise price than the put. This setup aims to profit from a downward price movement in the underlying asset.

An Investor Purchased a Put Option and Wrote a Call