Kodak Plunges: Profit Either Way

Eastman Kodak's stock price has plunged today on news it needed to access a credit line.

Straddles allow an investor to profit either way. Here are both ITM and OTM versions:

Huge moves needed? You bet possible? You bet.

Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss. Computed with StraddlesCalc Tool