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Apr 7, 2018 8:33 PM

Straddle option strategy  

Bed Bath & Beyond Inc.NASDAQ

Description

With earnings coming out Wednesday there could a strong move in either direction. The stock is in a consolidation period with ATR near a low and in a wedge formation. These factors combined make it likely that there is going to be an increase in volatility and a sharp move. It may be better to have a slightly negative delta as the overall trend appears bearish.

Trade closed: target reached

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