Leaderboard

I am showing big loss because of overall market volatility but will hang on for now.

@jr1221No, not the case. The commission effect of the short strangles is much less than 1.5% (less shorts than longs and closing options for a few cents is usually much lower commissions). In fact, for these hedged straddle trades my average commissions effect is right around 1% for each trade - which includes opening and closing both longs and shorts. Also, don't lose sight of the fact that the short strangles allow us to enter these trades earlier and have them in play for longer periods of time, thereby giving more time for the stock to move and produce gamma gains.