Belleville is a very volatile stock. Current stock price is S=35. European options are available with X=30,35, and 40 all with t=3-month expiry. Which would be the most cost efficient way to trade in options for this stock? Naked Call at X=30 Naked Put at X=40 Straddle (Same X=35 for c&p) Strangle: c(X=40)&p=(X=30)