sorry... the januari strangle of course long... little type mistake.... very sharp...
problem with above strategy: with slow trending you will lose big either way you will lose big ,finally, there is no edge.
for example: dec03 ATM 10 options short. jan04 otm short 12 times (both sides 12 times, below and above,is that a strangle?) and mar04 ATM...
Continuing this thread... I want to trade options with echotrade account, trading volatility, like a marketmaker, 'scalping' volatility some...
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