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You are holding shares of S&P Global Inc. (US ticker: SPGI). Exchange-listed options on SPGI trade on a January, April, July, and October monthly cycle.

  1. You are holding shares of S&P Global Inc. (US ticker: SPGI). Exchange-listed options on SPGI trade on a January, April, July, and October monthly cycle. On June 9, you have a bullish 12-month view on SPGI. On July 22, you are concerned after a research analyst warns of high volatility around SPGIs forthcoming quarterly earnings announcement. The option positions you are looking to enter to express your investment views are:

  1. Covered call with an April expiration, protective put with an April expiration
  2. Covered call with a January expiration, short naked put with an April expiration
  3. Long call with a January expiration, protective put with an April expiration
  4. Covered call with an April expiration, short naked put with an October expiration
  5. Long call with an April expiration, protective put with an October expiration

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