Initially met at a statistics seminar. From there we had a phone interview and then an in-office interview. The in-office interview consisted of about 4-5 meetings with various teams and individuals. Note: because the investor in a long straddle expects volatility, the maximum loss would occur if the stock price were to be exactly the same as the strike price (at the money) – neither contract would have any intrinsic value. Of course, the investor with a short straddle would like the market price to close at the money to keep all the premiums. In a short straddle, everything is reversed.