straddle

I wanted to do straddles on earnings calls, but the most important part of doing an options play is looking up what the actual profits *should be* on an options profit calculator (Google it).

when you do a straddle option (simultaneously buying both a call and put option) one of those contracts WILL expire worthless for sure. so you need to make sure that the gain you will get will more than make up for it.

if you need more than a 10% gain to break even its probably not worth starting a contract