ThomasTuanNguyen

Straddle - wait for flat trading day for amicable option premium

AMEX:GUSH   Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares
Hi everyone, with the volatility we've seen in the energy sector, I think straddle can provide an excellent tool exploiting some of that unpredictability. Premiums on some ETFs and energy stocks can be pretty harsh, I would wait for a flat trading day and try to take advantage of the discounted option premiums to straddle. Be weary of the theta on these, if you're straddling, make sure you're watching the contracts closely. Not uncommon for some folks to make some money on both sides of the contract when things get this unpredictable.
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