A. Speculates on the rate of change of a security’s market price.
B. Speculates on the rate of change of an option’s market price.
C. Speculates on the volatility of a security’s market price.
D. Consists of a put and a call having different exercise prices or expiration dates
Correct Answer:
C
“A” is a guess; “B” is a calendar spread; “D” is a combination.
