Reallifetrading

Straddle on DD going over earnings

DD (NYSE:DD)  
NYSE:DD   DD
This is an advanced options play. Total debit for both strikes is $1.42

I like both strikes because if DD             gaps hard past those levels, the stock should continue to move AND we have a full month on the play.

I would hold both until earnings . And then depending on the gap, determine what to do from there.
Thanks for helping us Enrich Lives!
Another update.
snapshot
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Alright. DD is moving bullish. At this point, one could either sell to close the 60 OTM put for .25 OR, sell to open the 59 put to create a bear put spread. Both offset cost of trade. ALSO.. one COULD implement a bull put spread for 61/60 for May and also bring in premium
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Just an update on the terminology... This is a STRANGLE. Thank you Leda R. : )
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