Long and Short ATM Straddles are Dead Money - But a very accurate indicator of future stock movement

Here is my Friday target.

J_S

 

Ok OG, wrong thread, no more charts here - will put them in Friday expiration thread.

J_S

 

In single stock I look at it a lot.

 

Pretty much says it all.

 

What kind of Gobshites are ye!

OG is spot on, a fukin dim wit with half a brain can see that.

I can already see value in his sharing the info - thank you OG, you are one of the few here that knows something about what you speak of - not like the Gobshites

J_S

 

Be patient everyone. I will update on Friday 15, 2016, after option expiry.

 

I will not post OI here, just the straddle chart.

J_S

 

So the straddle has lost over half its value in a week.

 

Which one? There are four:

• Long 213.00 SPY
• Short 213.00 SPY
• Long 717.50 GOOGL
• Short 717.50 GOOGL

I haven't checked the quotes yet, I will do that on Friday. I expect all four to break-even.

 

I guess I didn't understand why you think a straddle is dead money. You can buy/sell a straddle with 6+ months to maturity for a volatility play and exit a few days/weeks after you enter.