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You are given the following portfolio: --3 long strangles with 80-90 strike -4 long collars with 85-90 collars -One short butterfly spread (using strikes 80,85,

You are given the following portfolio:

--3 long strangles with 80-90 strike

-4 long collars with 85-90 collars

-One short butterfly spread (using strikes 80,85, 90)

What are the calls/puts that you will be selling/buying in this portfolio?

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