......................................Scenario ..................... Profit Loss
>> Sell Lower Put Sell Higher Call Traditional Range bound Limited Unlimited
>> Sell Lower Put Buy Higher Put Complete Hedge Bearsih Limited Limited
>> Buy Future Sell Higher Call Risk Covered to an extent Bullish Limited Unlimited
>> Sell future Sell Lower Put Risk Covered to an extent Bearish Limited Unlimited
>> Buy Lower Call Sell Higher Call Complete Hedge Bullish Limited Limited
>> Buy Call Buy Put Complete Hedge Range bound Unlimited Limited
February 18, 2010
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