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Posted on 4/2/14 at 12:42 am to donRANDOMnumbers
I am thinking about making an option straddle for MNKD.
The FDA is going to approve it or not approve it, either way, the stock is going to skyrocket or plummet back down.
If stock price right now is 8$ and I think for sure it will have a 3$ swing at least, I can just buy a put with a strike of 5$ and buy a call with strike 11$ and I should be good right?
The FDA is going to approve it or not approve it, either way, the stock is going to skyrocket or plummet back down.
If stock price right now is 8$ and I think for sure it will have a 3$ swing at least, I can just buy a put with a strike of 5$ and buy a call with strike 11$ and I should be good right?
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