With the short put nearing worthless here, I'm closing it out for a .05 debit ($5). I received a .68 credit for the 54 short put ($68), so I realized a profit of .68 - .05 = .63 ($63)/contract on that side.
Unfortunately, price is getting uncomfortably close to my short call side ... .
If I understand your question correctly ... . I ordinarily do not do short straddles (short put and short call at same strike) except for lower priced underlyings (usually $10 and under) if I can't get sufficient premium out of a strangle.
Oh, sorry. My criteria for selling are that the underlying's implied volatility ranks above the 70th percentile for the past 52 weeks and that current volatility exceeds 50%, so in that sense, the setup is priced higher than usual due to greater implied volatility.