Options Trading Concepts Live - March 8, 2021 - Strangle and Straddle Defense
Strangles & Straddles both involve selling a put and call at the same time, but they are structured differently. Today, the tastytrade crew dives into defensive tactics such as moving the strikes vertically and also out in time to a different expiration, and how the extrinsic value collected improves your breakeven zones. They discuss different ideologies depending on how much extrinsic value you have, or how little you have. Examples are given in SFIX, DKNG & SNAP. Tune in to learn more!