Anyone use these techniques in some form? I wanted to start a discussion, for I am considering doing reverse gamma scalping using short straddles (futures options on the S&P emini's). I plan to add ES hedges when the portfolio's delta becomes -50 or +50. I am not seeing the problems with this technique. Certainly, it appears that one's losses are greatly reduced. There seems to be enough premium taken in to combat reversals and extended moves in one directions. Any comments appreciated from those that have used this technique.