A TastyTrader's Journey
For Put Ratio Spreads, sell 25 delta Put, long Puts depends of amount of credit we want to collect. No guide for long Puts.
The opposite is true for Call Ratio Spreads. Just that sell 30 delta Call instead of 25 delta.
Watch full video here.
Heard Sosnoff: Default goto iron condor is 23-25 delta and 1/3 width of the strikes.
Watch full video here.
Roll when strike is breached. Sell strangles at 16 deltas and roll to 30 deltas.
Watch full video here.
During a selloff, stick to selling underlying IVR > 50 and managed early.
Close strangles at 21 DTE for best results. Note that what it means is exit strangles at 21 DTE as long as they are profitable. Watch full video here.
Trading 1SD Strangle on SPY is still profitable when IVR<50.
20 Percent Freedom 