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Strategies & Market Trends : The ultimate play:STRADDLES on earnings announcements.

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To: Robert Sherman who wrote (90)6/9/1997 8:41:00 AM
From: Carl Zbad   of 140
 
Robert,

<< if a stock ABC is at 42 then I will buy a 45 call and 40 put about 2-3 months out>>

What you described is called a strangle. I use strangles also. When I say straddle-type combination, I mean buying Puts and Calls at the same strike price, but with different expiration dates.

I also like the looks of COMS (or USRX, since COMS and USRX are joined at the hip right now).

Regards,

carlzbad
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