Several years ago, a client purchased 1,000 shares of RADAK common stock at 50 per share. Today, the stock is selling for100 per share and the investor is nervous about the future for the market. An order is turned in to sell 10 RADAK 105 calls at a premium of 2 and buy 10 RADAK 95 puts at a premium of2. This strategy is _______________
1) A bearish strategy
2) A bullish strategy
3) A neutral strategy
4) A speculative strategy