Confirm and Send - October 8, 2014 - Defining Straddles




The tastytrade network show

Summary: Tom Sosnoff and Tony Battista answer viewers' questions. First, they answer whether or not straddles are an ideal options strategy for binary events, such as earnings events. Second, they consider a futures market where /ZB, /ZN, and ZT are quoted in decimals. Lastly, Tom and Tony share why they think it's better to close a Chicken Iron Condor once the spread has achieved 50% of max profit, rather than holding it until expiration.