You purchased one Coca Cola March 50 put and sold one Coca Cola April 50 put. Your strategy is known as

A) a vertical spread.
B) a straddle.
C) a time spread.
D) a collar.

Vertical Spread

An options trading strategy that involves buying and selling of two options of the same type and expiry date but different strike prices.

Time Spread

A strategy in options trading that involves buying and selling options on the same asset with the same strike price but different expiration dates.

Put

An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.