Which is better? Long Straddle or Long Strangle? I used to think the Long Strangle was better but now I am thinking that the Long Straddle may actually be. Please share your thoughts and comments.
long straddles are higher probability to win... more expensive to play.... and also low IV is key... my old friend used to say (always buy straddles and always sell strangles)....
Cottle thinks that a nearest surrounding price straddle has the same behavior as 0.67394 (appoximately ) strangle.
Will it be better for me to sell a strangle (on weekly ETFs) rather than selling a covered call (again weekly)? Comments appreciated.
to me, seems way too much cash needed (margin) to actually sell a strangle with less profit potential than actually buy a long strangle?...
You must have balls of steel to sell weekly strangles, I am a seller but those weeklies seem so cheap to sell. the whole risk/reward sucks. Anyway, Which ETF and What options? (if you would like to share)