SPY OUT OF THE MONEY STRADDLE
SPY APRIL 15 209 C @ $.17
SPY APRIL 15 207 P @ $.17
SPY AT THE MONEY STRADDLE
SPY APRIL 15 208 C @ $.55
SPY APRIL 15 208 P @ $.42
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
make the straddle work properly.
The accelerated time decay this morning with the sideways trading eliminated the out of the money straddle quickly.
The at the money straddle also fared poorly due to expiration Friday's accelerated time decay and lack of price movement.
The idea behind entering the straddle at the end of the day yesterday was to take advantage of
any after hours or premarket price movement.
Entering the straddle at the open today would have been cheaper but we still didn't get the price
movement to make the straddle profitable.
Although there is another hour and a half to go it appears the bottom for the day is probably already in.