For those of you not familiar with this strategy, all you are doing is simply buying the July $6.50 call and buying the July $6.50 put. Since it cost you about $0.95 cents to make this play, you will be looking for the market to make an "extreme" type move in "either" direction between now and the July option expiration. If you get a big move you could stand to make some good money. Ultimately if you hold through expiration you would simply subtract the settlement price from $6.50. Any thing greater than $0.95 cents would be your profit, any thing less would be a loss. This is NOT a margined position and your total loss can NOT exceed your cost to initiate. If you think we are going to see some extreme moves the next few months you may want to run this idea by your trade advisor to see if it is right for you.