47. FraudCo is releasing earnings next week. COVID has had a major affect on FraudCo. However, you do not know whether it was positive or negative. You anticipate that the stock in FraudCo will be volatile and have a significant price movement. But, you cannot predict the direction of the price movement (up or down). As a result you buy a 25 May Call and a 25 May Put (25 is the strike price). What type of trade is this?

A. Option Spread Trade

B. Protective Put

C. Straddle

D. Collar

E. Binomial Option Trade