Buy Strangle/Straddle Option Strategy

A fools game? Looks like there are successfully cases.

May be it will work when the time value is minimum. The following may be good occasion to bet on it:

  • Buy on option expiring date
  • Cash settled option save the assignment worries
  • Low volatility percentile
  • Just break resistant/support

ToDo:

Check SPX/RUT price pattern on expiration day, try to identify a strangle range to bet for jackpot. e.g. Buy 10 points OTM call and put of SPX at 10AM on expiration date, let it expire.

 

 

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