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Suppose you currently own 5,000 shares of AZZ Incorporated stock that is currently selling at $40 per share. You are planning to hold on to

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Suppose you currently own 5,000 shares of AZZ Incorporated stock that is currently selling at $40 per share. You are planning to hold on to the shares until May of next year due to tax considerations and would like to protect yourself from possible fluctuations in the stock price. You decide to limit the risk by selling (writing) fifty May call options with a strike price of $45 that is selling at $2. At the same time you purchase fifty May put options with a strike price of $35 and is selling at $3. What is the option strategy that you have decided to employ? What will be the total value

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