I did a double short straddle today for extra probability and protection. This is a new strategy we are testing so we will see how it goes. The double straddle gives me a wider breakeven range with higher probability.
SOLD APR 08 30 CALL/PUT @7.25
SOLD APR 08 25 CALL/PUT @5.62
7.25 + 5.62 = $12.87 credit
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