Short Straddle, Featuring Mr. IV: Theta Gang Strategy #6 // r/wallstreetbets

#wallstreetbets #stockoptions #thetagang #straddle

Short straddles are a neutral strategy that Theta Gang traders can use to collect high premiums when they expect the price of a stock to stay relatively stable. Trades should be managed and not left until expiration. Otherwise, it is very likely that at least one leg will be assigned.

Create a short straddle by:
Selling-to-open 1x Call;
Selling-to-open 1x Put at the same strike and expiration.

Mr. IV’s channel: https://m.youtube.com/channel/UCmzV7inAkOVkfWHXsFYPEUQ

Join Theta’s Discord: https://discord.gg/d4WNsTw
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Learn Covered Calls: https://www.youtube.com/watch?v=OyAOaZOTwq4&t
Learn Cash-Covered Puts: https://www.youtube.com/watch?v=oqY52tWMvGo&t
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Make an account on TastyTrade and deposit or transfer $2,000+ dollars to both upgrade your life and support the channel by sending us to TastyTrade HQ! https://start.tastyworks.com/#/login?referralCode=MA2PA78M5M

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Check out the TastyTrade case study: https://www.tastytrade.com/tt/shows/options-jive/episodes/managing-straddles-05-25-2017
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Use Coinbase Earn for Literally Free Money to fund your trades:

Coinbase account: https://coinbase-consumer.sjv.io/kamikazecash
Coinbase Earn Link (XLM): coinbase.com/earn/xlm/invite/t9mdbs5y
Coinbase Earn Link (OXT) coinbase.com/earn/oxt/invite/h1pwf39k
Coinbase Earn Link (OXT) coinbase.com/earn/oxt/invite/6f27v5kp
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Music courtesy of bensound.com and Jon Warhol