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Assume you have been given $400,000 CAD with access to all listed stocks, bonds, futures, and options worldwide. You can trade in options and futures,

Assume you have been given $400,000 CAD with access to all listed stocks, bonds, futures, and options worldwide. You can trade in options and futures, in combination with the underlying asset.

Perform a strip strategy. (involves a long call and two long puts with the same strike price and maturity)

Describe the trade and provide the reason for such trade.

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