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(1.) What option strategy is used by traders hoping for low volatility, comprised of selling one call spread and one put spread (same expiration day)

(1.) What option strategy is used by traders hoping for low volatility, comprised of selling one call spread and one put spread (same expiration day) on the same underlying? instrument.

(2.) What option strategy is used by traders who are bullish on a stock for the long run but are concerned about the stock dropping in the short-term?

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