Question: 1)Distinguish we difference between an Financial Option and a Real Option and each's use in the energy markets. 2)What is an options straddle and how

1)Distinguish we difference between an Financial Option and a Real Option and each's use in the energy markets.

2)What is an options straddle and how is it used in options trading?Explain a long straddle from a market view standpoint.

3)What is an option strangle and how it is used in options trading?Explain a short strangle and how it is used in options trading.

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