Replies to post #86696 on Mohacsy's Safe Portfolio Member Forum

[santafe2]

I agree with that 80% minimum success rate. That is the ratio I use when selling covered calls.

Question: When you're buying to open a straddle, do you lock in both positions at the same time? Not every equity has broad participation in their option chains and it can take several minutes for a counter party to accept your offer. If the market moves against your initial position while your locking in the counter position it could get expensive. Also, paying the market asking price will create additional expense.