Atticus
Thanks for the comeback and clarification. Hmmnnn! I´m thinking about what you said a bit. Some on here call me long winded, but it is just an attempt to understand better, as the common jargon by long term professionals and assumption, a novice like me understands the jargon intrepretation not clearly and often completely wrong. So I´m long winded because I feel uncertain and figure somebody better, will correct me when I´m wrong.
That said, I understand your latest to be that the OTM Strangle is better than the ITM strangle, because the strikes are closer together and you would therefore have less road to travel to a profit? Will start doing that from here on.
It is early Thursday morning and going to have a look at the option chain and see how you put on a long straddle that is Delta 25, + or -. At first when I read it, it seemed easy. But when I actually got to trying to figure out how to do it, it seemed confusing to me. Just going to see what is on the option chain now and how I can figure out how to do that. I´m presuming, before I try it, that you would more or less just go down the CALLS and find, when both the Delta on Puts and Calls would add up to your +, or -?
Thanks for the comeback and clarification. Hmmnnn! I´m thinking about what you said a bit. Some on here call me long winded, but it is just an attempt to understand better, as the common jargon by long term professionals and assumption, a novice like me understands the jargon intrepretation not clearly and often completely wrong. So I´m long winded because I feel uncertain and figure somebody better, will correct me when I´m wrong.
That said, I understand your latest to be that the OTM Strangle is better than the ITM strangle, because the strikes are closer together and you would therefore have less road to travel to a profit? Will start doing that from here on.
It is early Thursday morning and going to have a look at the option chain and see how you put on a long straddle that is Delta 25, + or -. At first when I read it, it seemed easy. But when I actually got to trying to figure out how to do it, it seemed confusing to me. Just going to see what is on the option chain now and how I can figure out how to do that. I´m presuming, before I try it, that you would more or less just go down the CALLS and find, when both the Delta on Puts and Calls would add up to your +, or -?
