Which one of the following is a correct statement? i. Straddles do well with extreme moves in stock prices, regardless of whether the move is upward or downward. ii. Shorting a Straddle implies investors bets on low volatility iii. A covered call strategy benefits from price instability environment iv. Protective put can be considered insurance for an investment in a portfolio of stocks

A) All the above B) I, II, & IV C) II&IV D) I&III