Re: Is this called a Straddle?
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Thats a straddle, different strike prices would be a strangle.
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A straddle is comprised of a put and a call with the same expiration date and both struck at the same price....usually at or near the money
Stephen [img]/images/graemlins/cool.gif[/img]
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Thanks to you too Stephen, the stock was within 10 cents of $100 (the strike prices) when I put on the straddle, but the options prices had enough differential to cover transaction costs + profit (and they still do as of this morning), appreciate the input.
Jimbo
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