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With earnings season just started and big surprises expected daily, straddles and strangles can be quite profitable. An example was Nokia today. A 12-13 strangle bought yesterday, returned +22% profit this morning.
(please click on image to enlarge)
The table below shows some upcoming straddles for the next 2 days:
The move required is the maximum percentage that the underlying stock should move to compensate for the cost of both the call and the put.
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