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Old 04-09-2009, 10:18 AM   #1

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"Exiting Call Leg of Straddle"
What does it mean to "exit the call leg of a straddle"?

Am I right that this means just keeping the puts?

If you do that you change your mind from expecting a big move in any direction to betting that the underlying will be loosing ground?
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Old 06-02-2009, 07:49 PM   #2

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Re: "Exiting Call Leg of Straddle"
this is correct. the 'leg' of any position is just a single part of the trade. so in this case, it is selling the calls. this will leave you with the puts only so this position will now be bearish.
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