Katrina Hamlet has been following McMillan Holdings for the past year. The company is involved in a potentially quite costly lawsuit, and she has been considering speculating with options trading strategies. She is considering using either a straddle or a strangle but not so sure about the difference. Hamlet then reaches to her manager Charles Connor for advice.

1. If you were Charles Connor, how would you explain straddle and strangle to Katrina Hamlet?

Answer rating: 100% (QA)

Answer A straddle is a option strategy wherein the call and p... View the full answer