1. Which of the following strategies has the potential to gain the most money? short a straddle, long a strangle, short a strangle, or long a condor

2. Which of the following strategies can have an unlimited loss? long straddle, write a strangle, buy a butterfly spread, or vertical put bullspread

3. Which of the following strategies does not profit in a rising market? buy a call, long a straddle, long a condor, or protective puts