### Comment:
Why a straddle for ER rather than straight puts?

### REPLY:
The lead up to ER seems to have a lot of uncertainty, as it is bleeding sideways rather than running up.  If it stays around 60 I think it could jump significantly up or down, as the ER will confirm the bulls or the bears. Either way I don’t see it staying at 60, which sets up a good straddle play.   
  
 Ps I only lose money on options.

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