When discussing options, we considered different option strategies. Which statement is TRUE? A) Option strategies by definition only exist/work for American options. B) If one purchases a stock together and writes a put option on that stock one calls this a protective put strategy. C) A strangle can be created by taking a long position in a call and put option with the same expiration date and the exercise price of the call option falls below the exercise price of the put option. D) An investor on the short side of a call option will lose the difference between the stock price and the strike price if the stock price is above the strike price.

WHY B is not true?