You are convinced that a stock's price will move by at least 15% over the next three months.You are not sure which way the price will move,but you believe that the results of a patent hearing are definitely going to have a major effect on the stock price.You are somewhat more bullish than bearish however.Which one of the following options strategies best fits this scenario?
A) Buy a strip
B) Buy a strap
C) Buy a straddle
D) Write a straddle
Correct Answer:
Verified
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