You want to use an investment steategy by buying a csll option and a put option.

Buy a call option with an excersize price of 15.4 for a premium of $0.4.

Buy a put option with an excersize price of 15.4 for a premium of $0.4.

1. What is this type of strategy?

2. At a profit of 15.4 what would be a profit from this strategy?

3. This strategy would be profitable when the price of the underlying currency is expected to _____