New Citibank Straddles

For April, with 1 day to on for options expiry, and earnings being reported tomorrow, how wild will it get? An investor holding an April 3-3 straddle can probably make money in both directions tomorrow by being fast and nimble. Use the knee-jerk reaction to sell the first side that moves.




May 5-3 Strangle.

This is another probable winner with the expected volatility in C.





Computed with the StraddlesCalc tool.