$10$ Over the past few months, Nu$$es and Pereira have followed news reports on a proposed merger between XDF and one of its competitors. A government antitrust committee is currently reviewing the potential merger. Pereira expects the share price to move sharply upward or downward depending on whether the committee decides to approve or reject the merger next week. Pereira asks Nu$$es to recommend an option trade that might allow the firm to benefit from a significant move in the XDF share price regardless of the direction of the move. The option trade that Nu$$es should recommend relating to the government committee$$s decision is a: A collar. B bull spread. C long straddle.