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But be careful with this strategy. I've read all Paul Kadavy's books and exchanged a few emails with him. He is a very nice person and always tries to answer your questions in details. That being said, I don't think a mechanical SPY Straddle Selling strategy can survive the 2008 market crash...

Here is a track record of shorting SPY Straddles: http://www.arrowpublications.net/Calculations_Straddles.html Any comments please?