Hey Ihub, yes you can buy both. If you were wanting the price to go down then you buy say 10 puts and hedge with maybe 5 calls, or something like that. Spreads are very popular and can be very profitable. Look if you have some time, take a look at these powerpoints. I graduated with a degree from Texas Tech in Ag. Economics, and this is one of the classes I had to take. I was sooo thankful, I have made thousands because of this class. They are a little different because we deal with the cash market as well for commodities. But the main thing you need to see is the Option Strageties, somewhere in the Feb notes. Let me know what you think, or if you have anymore questions. http://www.aaec.ttu.edu/faculty/smohanty/4317/Class_Notes.htm
"One thing I have found, is there are just two ways to go; It all comes down to living fast or dying slow"~~REK jr.
On TTWO i would probably buy 2-3 sept 30 strike calls for every 10 - 22.50 sept puts the 30 strike calls are just in case they strike a deal higher which is the only way possible that the deal will go through.TTWO will not cave lol they want more but i dont think EA is willing to raise it either so lets hope it tanks LOL gltu
just insurance that is all the calls are hope this helped gltu