What are advantages and disadvantages of straddle, strangle, and collars?

FINC DIC WK6 https://www.cmegroup.com/education/courses/option-strategies.html answer the questions below. In your initial response to the topic you have to answer all questions: What is the difference between straddle, strangle, and collars? What are advantages and disadvantages of straddle, strangle, and collars? What does it mean covered call? When is it used? What is the difference with […]