Collar

When we own a stock and want to hedge with a collar, and the question does not specify the elements of the collar. Can I assume it’s a long put with lower strike and short call with higher strike?

Or can we have the opposite (long call + short put)?

Long put, short call.

Long call, short put would be a collar on a short stock position.

OK that’s what I thought, thanks a lot.

You’re welcome.