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Podcast: Options Boot Camp
Episode: Options Bootcamp 23: Straddles
Description: Basic Training: Getting to know the fundamentals What is a Straddle? Why would you want to use it? Straddle pros and cons. Iron Butterflies and Iron Condors are straddles and strangles with protection. Gamma scalping is the only way to really make long straddles profitable over the long run. Exiting straddle positions is difficult to do effectively. Using straddles pre-earnings Scammers love to pitch straddles, saying "Make money in any market condition." Be careful. Mail Call: Even bootcampers get mail privileges. Question from Alan Utchins, Baltimore, MD - I read with great interest the recent article...