This is We Have Options, hosted by me, personal finance expert Dominique Broadway.

I left my career as a financial advisor to the 1% to help the 99% build generational

wealth.

No matter who you are, you have options and I am here to help you turn those options into

dollar signs.

So today, we are going to talk about strangling and straddling, which, depending on what

you're into, could sound like sex positions, but that's not, that's not what we're talking

about today.

We are actually talking about options because this is the We Have Options podcast.

So hopefully you didn't think you turned into the wrong show.

But today, we're going to be talking about strangles and straddles or straddles and

strangles.

All right.

So option straddles and strangles are advanced trading strategies that involve buying calls

or buying both a call and a put option on the same stock or investment, okay?

So just a quick reminder of what a call and a put is.

So when it comes to options, there are two types of options, right?

There are calls and there are puts.

So if we think that the price of the underlying stock is going to go up, we look for calls.

If we think the price of the underlying stock is going to go down, we look for puts.

As you guys probably remember, call up, put down, call up, put down, okay?

Now, another thing I want you to keep in mind when it comes to options is that one option

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