You are a portfolio manager who uses options positions to customize the risk profile of your clients. In each case, what strategy is best given your clients objective?

a.		Performance to date: Up 16%.
		Client objective: Earn at least 15%.
		Your scenario: Good chance of large stock price gains or large losses between now and end of year.
		multiple choice 1 Buy a call option Write a call option Long straddle Long bullish spread Short straddle Short bullish spread

b.		Performance to date: Up 16%.
		Client objective: Earn at least 15% with limited losses
		Your scenario: Good chance of large stock price losses between now and end of year.
		multiple choice 2 Short put options Long put options Short call options Long call options