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Chicken Trade/straddle
I was at a better trades seminar and the guy talked about chicken trades or other known as a straddle where u buy a call and a put...now if a stock that was 30 dollars went up 1 dollar and i bought a call and a put option which is 100 shares, the put would expire and the call would go up what i lost on the put right?? and if it went up more i would make money on the call and i couldnt lose anymore on the put, am i correct as i know nothing about options. thanks guys!!
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