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To: SI Bob who wrote (22203)3/2/2005 6:13:50 PM
From: Sully-  Read Replies (1) of 32911
 
"What's a strangle?"

Ummm, that's when you are short a lot of shares & you check
in on the market to find the stock going gangbusters after
some major announcement.

Well, it feels that way,dag nab it! <gg>

Strangle. A position consisting of a long (short) call and a long (short) put where both options have the same underlying stock, the same expiration date, but different strike prices.
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