In expectation of increased price volatility,an investor purchased a call option and at the same time bought a put option with common exercise prices.The strategy is known as a:

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The strategy of purchasing a call option and a put option with the same exercise prices in expectation of increased price volatility is known as a long straddle. This strategy allows the investor to make a profit whether the underlying asset's price increases or decreases significantly, as long as the move is greater than the combined cost of the options. This means that the investor is not betting on the direction of the price movement, but rather on the fact that there will be significant movement.

In Expectation of Increased Price Volatility,an Investor Purchased a Call