Replies to post #23877 on OPTIONS TRADERS CO-OP

[lakingsphan0427]

Hey OL, what is straddle? I know what straddle is in poker "texas hold em" but what does it mean in options? Whats the advantage/disadvantage of doing straddle? tia

[smartone]

What will those $37 July/31st Calls be worth Tomorrow that were $2 Dollars last Friday? ....Looks Like TWTR going UP and the Calls In-The-Money!

The STRADDLE $37 Calls - $34 Puts = Cost $2.00 Each....Puts Going to be almost worthless BUT the Calls Could be Much Higher!!!

actually you have it completely wrong .. july 31st calls are worthless

34 puts will open $2.00 dollars

you better hope twtr dives even more tomorrow or your straddle will lose at least 50%