You observe that the common stock of Company Y has been trading in an narrow price range for the past month. Unlike the market consensus, you are confident that the price is going to break out far out of that range in the next three months, although you are not sure it will go up or down. What would be a simple options strategy to exploit your conviction about the stock's future price movements?

a)Purchase a call option

b)Purchase a protective put option

c)Purchase a straddle

d)Sell a straddle