Selling strangles and straddles

V

vlad79

Hi, guys!! I enjoyed reading all your post here in "Options' forum.
All of you have interesting ideas and comments. I am a new memeber and wanna start a discussion about stranggles and straddles. I'v been selling stranggles on SPX about 3 years and have a constantly positive results. Now i wanna try to do this on stocks and discuss this here with all memebers. If you have any ideas, comments and etc. take a minute and post your opinion.
Thanks for paying attention to me.
Good trading to all.:)
 
Quote from vlad79:

Hi, guys!! I enjoyed reading all your post here in "Options' forum.
All of you have interesting ideas and comments. I am a new memeber and wanna start a discussion about stranggles and straddles. I'v been selling stranggles on SPX about 3 years and have a constantly positive results. Now i wanna try to do this on stocks and discuss this here with all memebers. If you have any ideas, comments and etc. take a minute and post your opinion.
Thanks for paying attention to me.
Good trading to all.:)
More...

I would stick with the indexes. They won't gap on you. You can diversify all you want but one bad play will wipe out 50 good ones. Not a good way to make a living.
 
Quote from vlad79:

What do you mean, EliteThink?
More...

I think he means...

1. What if you want to take profits early?

or, more likely...

2. What if the position moves against you?
 
As a rule i let my options to be expired (that's why i sell stranggles and straddles)
But if position moves against me i just close it at breakeven level or take small loss.
 
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