By Karim Rahemtulla War Room members are currently in a strangle position with General Electric (NYSE: GE).
A strangle is an options strategy that involves using put and call options to bet on a sharp move one way or the other in an underlying stock. The objective is to make enough from the move in one direction that it covers the cost of the strangle and then some.
Strangles are best used around specific binary events, resulting in two possible outcomes.
An earnings report is just one example…
Another example is the announcement of a drug trial, or events like the Brexit deal.
These “one-off” events can really …read more
