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[AnderL]

how would a straddle worked at 20? I think a lot of people positioned themselves for a deal to be struck by Monday open. Not sure if it will be ready for Asian opens Sunday night so there could be an Sunday night rout with a release of a done deal on Monday. But news seems to be focused on Paul Newman or the debate so things are still quiet.

I know this is late, and I've wanted to put more effort into options study so I'm going to put it out as a late entry speculation. Plus there is a lot of put interest at 17-21 and under, that might be a shelf of support but 19-25 call interest is huge. So I think this might be very volatile in this range for a while.

strictly paper trade

buy 10Oct20c @2.30 XLFJT $2300 + 17.49com
buy 10Oct20p @ .90 XLFVT $ 900 + 17.49com

total cost $3234.98

You try straddles much. Are they worth it? Seems when one is indecisive they might be a good strategy if you know a big move is coming but not sure which way.