BREAKING: ADP Reports Surprise Drop In Private Jobs Advanced Micro Devices (AMD) has been trading in an increasingly tight range over the last few weeks. Chances are, AMD stock will break out at some point soon. One way to profit from such a breakout is through a strategy called a long straddle. It's constructed by buying an at-the-money call and an-at-the-money put. Buying at-the-money options can be expensive, and they will also suffer from time decay, meaning that they will lose a little bit of value wit ...