Market Measures - December 22, 2020 - Turnaround Probability and Delta
In yesterday’s Options Jive, we discussed how likely it would be for the P/L of a [45 DTE 16Δ SPY strangle](https://www.tastytrade.com/tt/shows/123/episodes/56736?utm_campaign=archive&utm_medium=link&utm_source=social-share) to become positive (prior to 21 DTE) after incurring a certain amount of loss. Let’s look at how those probabilities change for different delta strangles. Join Tom and Tony as they discuss the probabilities of turnaround for different delta strangles.