This may sound absolutely ridiculous, this may BE absolutely ridiculous, but what if you had a put and call option on the same stock. What made me think of this was Dendreon. When it comes time for the FDA's verdict on Provenge, I'm guessing Dendreon stock will go either way up or way down, but who knows whether or not it will be approved? Is this a crazy idea? Any better ideas on how to make money off this situation?