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Extrapolating Straddle Prices

The following Question was asked so I thought I would share a video that explains it in a little more detail.  Here is the asked question: I'm fairly new to options, but I've read some books and have the basics down. I was chatting with a professional options…
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Bull Put Spread LULU 03-26-2015

Bull Put Spread LULU Spread Trading Strategy Lululemon Athletica Inc. (LULU) -Nasdaq Lululemon Athletica topped estimates but lowered guidance. The company announced earnings of $0.78 per share, outpacing the Wall Street estimate $0.73 per share. Revenues…
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