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FiremanDave

11/04/10 2:52 PM

#340529 RE: SIIX #340526

I think so but wasn't sure. Does this commonly come out well for you "trading pro's" or does the decay eat your profit etc much?
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manatee

11/04/10 3:09 PM

#340546 RE: SIIX #340526

Right, using the same strike price = straddle, using different a different strike for the call and put would be a strangle. One thing to keep in mind is, the higher the time premium, the more the stock must move to be profitable.