Jenna, I experimented with a strangle toward the end of the day on ADBE. Since the prices of the 35 puts and 40 calls were exactly double each other, I decided to spend the same on each, buying 15 puts for .90 and 30 calls for .45 -- I'm curious where the calls will open tomorrow after their earnings extravaganza, anything up and over .90 is pure profit! Of course, my nightmare is the stock opens up in the high 38's and the call option is only up a nickel...
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