CarMax (KMX) June straddle 82.50 priced for a move of 8% into the expected release of quarterly results before the bell on June 20.
A straddle entails buying a call and put of the same strike that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.
Price: 82.15, Change: +0.11, Percent Change: +0.13
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