The following strategies were discussed in the lecture on options strategies. Given the following scenarios, indicate which strategy you would use and why. Strategies Protective Put Covered Call Spread Straddle Collar 3. You believe that Tesla stock is going to increase in price from $745 to $925 in the next six months. You want to purchase call options to take advantage of the increase in price, but can't afford the full price of the options. What strategy would be best for this situation (3 points)? The following strategies were discussed in the lecture on options strategies. Given the following scenarios, indicate which strategy you would use and why. Strategies Protective Put Covered Call Spread Straddle Collar 3. You believe that Tesla stock is going to increase in price from $745 to $925 in the next six months. You want to purchase call options to take advantage of the increase in price, but can't afford the full price of the options. What strategy would be best for this situation (3 points)