What is your first gut feeling when recommended this trading strategy? Buy an ATM straddle 1 by 1 on $XSP When/If market moves to breakeven price mark buy another ATM straddle 1 by 1. When/If the market moves to breakeven price again buy another ATM straddle 1 by 1. Repeat until November expiration. If market does not move to profitability on first straddle hold until expiration; do not add, rule applies to second and third positions if reached. Hold through expiration for cash credit.