Long straddles are a tough way to make a buck, with or without your magical scanner that allegedly finds high probability stocks ready for sharp moves.Quote from levniss:
Here is a great strategy good for beginners as well as for advanced option traders(all explained with the picture attached).
Our scanners pulled out a high probability stock for a potential sharp move(relatively sharp move to the alleged stock). Establish equal delta of ATM Calls and Puts, long straddle 60 to 75 days to expiration.
New option traders: hold the strategy until a reasonable profit or if the strategy is approaching 40 days to expiration. My statistics pointing to a high probability low cost play.
You want some BB respect? Post an ongoing list of stocks about to move. Otherwise, sell your product elsewhere.
