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I guess I don't understand straddles. I own WU long-term at a cost of $17.04. I've thought about selling covered calls, and have done it before, as a way of increasing the yield. I don't see any potential big increase in company earnings or stock price, so I'm planning to sell the next month call at the next higher strike price ($19).

Does selling a put expose me to additional risk if the stock drops instead?
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