Options Jive - December 21, 2020 - Probability of Turnaround
Strangles are prone to very large P/L swings throughout their duration. However, how likely is it for a strangle P/L to flip after incurring a certain amount of loss? Join Tom and Tony as they discuss the probability of turnaround after 45 DTE 16Δ SPY strangles reach different loss thresholds.