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[1 point] Determine the type of options strategy created by each investor. a. Adam is certain a particular stock has a lot of price movement

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[1 point] Determine the type of options strategy created by each investor. a. Adam is certain a particular stock has a lot of price movement potential. He's fairly bullish on the stock but he's just not sure of where the underlying share price is ultimately going to go. Accordingly, he set up an options strategy which gives him strong upside potential, regardless of which direction the price moves, and very little downside exposure. To that end, Adam purchased four call options on the stock with a strike price of $80 and two put options on the same stock with a strike price of $80 as well. The options all expire on the same date six months from now. b. Hagan went long on 10 European call options with a strike price of $20. In addition, he sold 10 European call options with a strike price of $15. Both options contracts have the same expiration. What type of options strategy did Hagan create

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