shares of stock. 14.Each stock option contract provides for the right to buy or sell (5 points) A) 1 B) 10 C) 100 D) 1,000 15. You buy a call option on Summit Corp. with an exercise price of $40 and an expiration date in September and write a call option on Summit Corp. with an exercise price of $40 and an expiration date in September. This strategy is called a (5 points) A) horizontal spread B) long straddle C) short straddle D) vertical spread 16. What combination of puts and calls can simulate a long stock investment? (5 points) A) Long call and short put B) Long call and long put C) Short call and short put D) Short call and long put