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All the trading techniques discussed earlier with regard to puts and calls will work equally well with either or both sides of the double, specifically the use of an option to hedge another option, options as hedges on futures positions, and options in lieu of stop orders. The only restriction is that only one side may ultimately be declared or exercised.

Naturally, all the advantages of regular puts and calls are available to the double options trader. These advantages include minimum and calculable risk exposure, tremendous leverage, unlimited profit potential, and freedom from margin calls.