Lots of option players are into short premium strategies like iron condors, short strangles, short straddles, short otm puts, etc... However these strategies suffer from two developments: -) Short gamma -) Short vega If the market crashes, these strategies will blow up. I have been playing with some complex option strategies and would like to ask you for your opinion. The picture attached shows an interesting option strategy, that seems to solve the short gamma problem. It is still short vega... But it is worth a try... The margin that you see is based on a standard account (not a margin account!)... Thanks.