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NaughtyPines NaughtyPines SPY, D,
SPY: JUST IN CASE YOU'RE WONDERING -- A SPY LONG STRADDLE PRE-BREXIT?
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SPY, D
JUST IN CASE YOU'RE WONDERING -- A SPY LONG STRADDLE PRE-BREXIT?

A long straddle is a neutrally biased setup that is intended to take advantage of a large move in an underlying either to the put or call side and consists of an ATM long call and an ATM long put. Given the fact that the market will either move up or down (potentially violently) in response to the outcome of the Brexit vote, you'd think that this would be an ...

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