Options Jive - February 5, 2021 - Whipsawed Again

Published: Feb. 5, 2021, 2:29 p.m.

Though a low probability, stocks can whipsaw by having a sharp move in one direction followed by an immediate reversal to the opposite direction. 

To reduce your chance of being hurt by a whipsaw move in the market, trade lower delta strangles and refrain from rolling.