From Theory To Practice - April 29, 2021 - Options for Adjusting Strangles

published 1 week ago by tastytrade, Inc.

With our two earnings Strangles in SBUX and PINS, we are reminded of the adjustment options we have with this strategy. Not only can we roll out to the next cycle (and focus on duration over direction), but we can also roll the untested side into a tighter Strangle, a Straddle, or even an Inverted Strangle. In adjustment alternatives alone, the Strangle is tough to beat in its flexibility.

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