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good-morning options traders and Ive heard a lot of people talking about straddles in these markets during coronavirus you actually hear about straddles in all kinds of markets but especially now where were getting these whipsaws back and forth and people are saying is it a good strategy well thats really the wrong question because all strategies are good if theyre in the right moment but the thing that I want to show you here is that regardless of why you might be using straddles or what your outlook may be there is a very good way to hedge them that most people never consider and its a way to recenter your straddle so let me give you an example so to start for a little background information a straddle first of all is the purchase of a call in a-put they must have the same strike and expiration so for example you might buy the hundred dollar call and buy the hundred dollar put and the idea is is that you want to make money regardless of direction stock goes up calls gonna make m
