Final answer:
The writer of a combination expects the market to be stable, bearish, volatile, or bullish.
Step-by-step explanation:
In the context of financial markets, the writer of a combination expects the market to be either stable, bearish, volatile, or bullish. A stable market means that the prices are relatively steady with little fluctuation. A bearish market refers to a declining market where prices are falling. A volatile market is characterized by large and frequent price swings, and a bullish market indicates an upward trend with prices rising.
For example, if a writer of a combination expects the market to be bearish, it means they anticipate a downward movement in prices, which could be an opportunity for selling or shorting assets in order to profit from the decline.