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How to solve Suppose Jake wants to own a stock but prefers to do so using options. How could Jake have both upside and downside

How to solve

Suppose Jake wants to own a stock but prefers to do so using options.

How could Jake have both upside and downside exposure to the stock just as if he

owned the shares.

Now suppose that Jake expects the stock to neither go up or down by much for a

long time. What option strategy could Jake employ?

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