The market price of a security is the same as the exercise price. If it stays that way, which TWO of the following investors would have a profit?

I. The writer of an at-the-money straddle

II. The writer of an at-the-money call

III. The purchaser of an at-the-money put

IV. The purchaser of an at-the-money call

		I and II
		III and IV
		II and IV
		I and III