EU Summit? Get a two way bet in

Thurs. Jun. 28 2012 | 1:50 PM[04:24]
Chen Wai-Yee, Senior Adviser, Derivatives Specialist at Ord Minnett gives us her options trade to bet on a break out on the ASX 200
Long strangle strategy on the XJO Index
A drop of 135 points renders put breaking even on the combo
whilst a rise of 105 points on calls renders calls breaking even on overall cost
Buy put and buy call strangling the current index in the middle
limited loss
Unlimited upside