{"id":7977,"date":"2022-05-31T20:48:10","date_gmt":"2022-05-31T12:48:10","guid":{"rendered":"https:\/\/slashtraders.com\/?p=7977"},"modified":"2025-09-29T17:40:38","modified_gmt":"2025-09-29T09:40:38","slug":"best-strangle-repair-strategy","status":"publish","type":"post","link":"https:\/\/www.slashtraders.com\/en\/blog\/best-strangle-repair-strategy\/","title":{"rendered":"What to Do to Repair Your Losing Strangles"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Strangle is a neutral options strategy that profits from a lack of stock price movement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the stock price fluctuates beyond our expectations, there are a few adjusting strategies that can help us repair the losing Strangle by increasing credits received to offset the losses. Then we can patiently wait for the stock price to revert back to our range of profitability.<\/p>\n\n\n<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<span class=\"yidS9ppLEuN61FHvrIC0NkCFeQxKMaRsYJBf9ZOXtg5iVOojeP2xc8TElIzMtWDVyQgmYZcKb26lf7J5WwU44om\"><iframe title=\"How to Adjust a Losing Strangle Option to Increase Your Chances of Success?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Di8L4B7aA78?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/span>\n<\/div><\/figure>\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Is Strangle?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">A <a href=\"https:\/\/slashtraders.com\/en\/blog\/best-strangle-options-strategy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Strangle<\/a> is the combination of a short Put and a short Call to create a neutral strategy. The trade is profitable if the stock price doesn't change very much.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The short Put defines the lower boundary of the stock price. The short Call defines the upper bound of the price movement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As long as the stock price stays between the strike prices, the Strangle options will expire worthless, resulting in profit for the options seller.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/short-strangle.png\" alt=\"short strangle\" class=\"wp-image-7983\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">Use a short Put and a short Call to define the range of profitability.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">We can see a 0.20 delta TSM ADR Strangle that expires a month and a half later has a 67% probability of profit, and has the highest return on capital of around 26%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Roll Up Put After the Stock Price Goes Up<\/h2>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">If the stock price goes up before the Strangle expires, we can roll up the profitable <a href=\"https:\/\/slashtraders.com\/en\/blog\/cash-secured-put\/\" target=\"_blank\" rel=\"noreferrer noopener\">short Put option<\/a> to pocket the profit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">In the TSM Strangle example, when the TSMC stock price goes up, our short Put becomes profitable due to a lower <a href=\"https:\/\/slashtraders.com\/en\/blog\/option-greeks\/\" target=\"_blank\" rel=\"noreferrer noopener\">delta<\/a>. While the short Call on the other side loses because of an increase in delta.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/tsm-goes-up.png\" alt=\"tsm goes up\" class=\"wp-image-7987\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">If the stock price goes up, the short Put profits while the short Call loses.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">We can roll up the Put option to collect some profit first:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><a href=\"https:\/\/slashtraders.com\/en\/blog\/buy-to-open-vs-buy-to-close\/\" target=\"_blank\" rel=\"noreferrer noopener\">Buy to close<\/a> the Put option.<\/li>\n\n\n\n<li>Sell to open another Put option that expires at the same time at a higher strike price.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/roll-up-put.png\" alt=\"roll up put\" class=\"wp-image-7990\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">Roll up Put option.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">After rolling up, we create a Strangle with a smaller profitable width, allowing us to continue to benefit from theta decay.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/strangle-after-roll-up.png\" alt=\"strangle after roll up\" class=\"wp-image-7993\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">Roll up to get a narrower Strangle.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">If the stock price continues to rise, we create a <a href=\"https:\/\/slashtraders.com\/en\/blog\/best-short-straddle-options-strategy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Straddle<\/a> after rolling up the Put a few times.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/straddle-after-roll-up.png\" alt=\"straddle after roll up\" class=\"wp-image-7994\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">Roll up Put a few times to get a Straddle at a higher strike price.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Then the profitable range would be defined by the premium received. We can close the trade for profit if the stock price remains within the range before expiration.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Roll Down Call After the Stock Price Goes Down<\/h2>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">If the stock price goes down before the Strangle expires, we can roll down the profitable <a href=\"https:\/\/slashtraders.com\/en\/blog\/sell-covered-call\/\" target=\"_blank\" rel=\"noreferrer noopener\">short Call option<\/a> to pocket the profit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the TSMC stock price goes down, our short Call becomes profitable due to a lower delta. While the short Put on the other side loses because of an increase in delta.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/tsm-goes-down.png\" alt=\"tsm goes down\" class=\"wp-image-7998\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">If the stock price goes down, the short Put loses while the short Call profits.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">We can roll down the short Call to collect our profit:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buy to close the Call option.<\/li>\n\n\n\n<li>Sell to open another short Call that expires at the same time at a lower strike price.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/roll-down-call.png\" alt=\"roll down call\" class=\"wp-image-8003\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">Roll down Call option.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">After rolling down, we have a Strangle with a smaller profitable range, allowing us to continue to benefit from theta decay.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/strangle-after-roll-down.png\" alt=\"strangle after roll down\" class=\"wp-image-8006\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">Roll down to get a narrower Strangle.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">If the stock price continues to fall, we create a <a href=\"https:\/\/slashtraders.com\/en\/blog\/straddle-vs-strangle\/\" target=\"_blank\" rel=\"noreferrer noopener\">Straddle from the Strangle<\/a> after rolling down the short Call a few times.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/straddle-after-roll-down.png\" alt=\"straddle after roll down\" class=\"wp-image-8010\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">Roll down Call a few times to get a Straddle at a lower strike price.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Then the profitable range would be defined by the premium received. We can close the trade for profit if the stock price remains within the range before expiration.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Roll Forward the Straddle Just Before Expiration<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If the Straddle is unprofitable less than 14 days to expiration, we can roll the Straddle to a later date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">We can see a TSM Straddle near expiration is running out of <a href=\"https:\/\/slashtraders.com\/en\/blog\/options-value\/\" target=\"_blank\" rel=\"noreferrer noopener\">time value<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/straddle-near-expiration.png\" alt=\"straddle near expiration\" class=\"wp-image-8011\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">A Straddle near expiration has low time value.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">If we believe the stock price can revert back within the profitable range, we can roll the Straddle forward to a later expiration, and use the extra premium to offset previous losses:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buy to close the current Put and Call options.<\/li>\n\n\n\n<li>Sell to open future Put and Call options.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/roll-straddle.png\" alt=\"roll straddle\" class=\"wp-image-8016\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">Roll the Straddle to a later expiration.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">It would result in a Straddle with a longer expiration, letting us create a wider profitable range with the additional premium received. Then we can wait for the TSM stock price to revert back within our expectation and profit from the time value decay.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/05\/far-date-straddle.png\" alt=\"far date straddle\" class=\"wp-image-8017\" srcset=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-srcset=\"\" \/><figcaption class=\"wp-element-caption\">A Straddle that expires later after rolling.<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><a href=\"https:\/\/www.slashtraders.com\/en\/pricing\/?utm_source=blog&amp;utm_medium=banner\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"971\" height=\"120\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2022\/03\/slashtraders-trial-banner.png\" alt=\"slashtraders trial banner\" class=\"wp-image-7387\" srcset=\"\" sizes=\"(max-width: 971px) 100vw, 971px\" data-srcset=\"\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\u73fe\u5728\u6700\u4f73\u7684strangle\u9078\u64c7\u6b0a\u9032\u5834\u6a5f\u6703\">The Best Short Strangle Options Right Now<\/h2>\n\n\n\n<p class=\"wp-block-paragraph translation-block\"><a href=\"https:\/\/slashtraders.com\/en\/tools\/options-scanner\/\" target=\"_blank\" rel=\"noreferrer noopener\">SlashTraders' Options Scanner<\/a> is designed to find high probability and high return Strangles in seconds. Here are some tips to use the filtering function to find the best short Strangle entry points.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"188\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/options-scanner-filter-settings-1-1024x188.png\" alt=\"options scanner filter settings\" class=\"wp-image-5344\" srcset=\"https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/options-scanner-filter-settings-1-1024x188.png 1024w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/options-scanner-filter-settings-1-300x55.png 300w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/options-scanner-filter-settings-1-768x141.png 768w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/options-scanner-filter-settings-1-18x3.png 18w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/options-scanner-filter-settings-1.png 1254w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Options Scanner settings to find high probability and high return on capital options.<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\">We want to choose opportunities with longer than 30 DTE to get the safest <a href=\"https:\/\/slashtraders.com\/en\/blog\/option-greeks\/\" target=\"_blank\" rel=\"noreferrer noopener\">theta decay<\/a>.<\/li>\n\n\n\n<li class=\"translation-block\"><a href=\"https:\/\/slashtraders.com\/en\/blog\/iv-rank-vs-iv-percentile\/\" target=\"_blank\" rel=\"noreferrer noopener\">IV Perc is the relative position of current IV compared to the range of IVs in all the trading days in the previous year<\/a>. We can filter IV Perc &gt;67% to find stocks with IV higher than 2\/3 of trading days in the past year. <a href=\"https:\/\/slashtraders.com\/en\/tools\/high-implied-volatility-stocks\/\" target=\"_blank\" rel=\"noreferrer noopener\">High IV stocks<\/a> have a high chance of contracting IV and vega in our favour.<\/li>\n\n\n\n<li>Open Interest is the number of the total number of outstanding derivative contracts for the underlying. We can find stocks with Open Interests &gt;100,000 to make sure the liquidity is good, so we get our trades filled easily.<\/li>\n\n\n\n<li class=\"translation-block\">By choosing Market Cap ($B) larger than 10 billion, we avoid choosing <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-25\/how-wallstreetbets-pushed-gamestop-shares-to-the-moon\" target=\"_blank\" rel=\"noreferrer noopener\">stocks that can get manipulated and explode like GME<\/a>.<\/li>\n\n\n\n<li>A good idea is to eliminate stocks with depressed price movement, because IV will expand soon after. So we need to choose Squeeze status as False.<\/li>\n\n\n\n<li>To further reduce risks, we can limit the Strangle BP to less than $1000, so we can easily diversify our portfolio.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, we can sort the Strangles ROC by descending order to get a shortlist of the highest return Strangles.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"455\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/filtered-strangles-1-1024x455.png\" alt=\"filtered strangles\" class=\"wp-image-5346\" srcset=\"https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/filtered-strangles-1-1024x455.png 1024w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/filtered-strangles-1-300x133.png 300w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/filtered-strangles-1-768x342.png 768w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/filtered-strangles-1-18x8.png 18w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/filtered-strangles-1.png 1259w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Here is the list of the safest and highest return 0.20 delta Strangles at the moment.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">You can see the Fair Value and Earnings Date for every underlying to help us fine-tune the selection and get the best entry points.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the Fair Value is very close to the strikes listed in the Strangle Details, we can be even more confident that the Strangles will be profitable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Earnings Date is an event that can cause large price movements, so we want to avoid selling neutral options strategy past Earnings Date.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"258\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/strangles-shortlist-1-1024x258.png\" alt=\"strangles shortlist\" class=\"wp-image-5352\" srcset=\"https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/strangles-shortlist-1-1024x258.png 1024w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/strangles-shortlist-1-300x76.png 300w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/strangles-shortlist-1-768x194.png 768w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/strangles-shortlist-1-18x5.png 18w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/strangles-shortlist-1.png 1254w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Use Fair Value and Earnings Date to fine-tune the best entry points to Strangles.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">We can see the top 3 stocks with highest return have upcoming Earnings, so selling Strangles for them are quite risky.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SNAP's Fair Value is on the low side, but considering that SNAP and FB both have robust social media platforms, consider selling SNAP's Strangles option.<\/p>\n\n\n<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/slashtraders.com\/wp-content\/uploads\/2021\/08\/sell-SNAP-strangle-1-1024x576.png\" alt=\"sell SNAP strangle\" class=\"wp-image-5356\" srcset=\"https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/sell-SNAP-strangle-1-1024x576.png 1024w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/sell-SNAP-strangle-1-300x169.png 300w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/sell-SNAP-strangle-1-768x432.png 768w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/sell-SNAP-strangle-1-18x10.png 18w, https:\/\/www.slashtraders.com\/wp-content\/uploads\/2021\/08\/sell-SNAP-strangle-1.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Sell a SNAP Strangle that expires in 40 days for a 27% return on capital.<\/figcaption><\/figure>\n\n\n<p><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If we sell to open a Strangle for SNAP that expires in 40 days, it has a 27% maximum return if SNAP stock price does not exceed the Put and Call strike prices before options expiration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph translation-block\">Now you don't have to worry when a Strangle strategy goes bad. We can repeatedly <a href=\"https:\/\/slashtraders.com\/en\/blog\/roll-options\/\" target=\"_blank\" rel=\"noreferrer noopener\">roll up or roll down<\/a> the profitable legs until we get a Straddle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When it is close to expiration, we can roll the Straddle to a later expiration and wait for the stock price to revert to our expectations.<\/p>\n\n\n\n<p class=\"has-ast-global-color-4-background-color has-background wp-block-paragraph\"><a href=\"https:\/\/www.slashtraders.com\/en\/blog\/slashtraders-vs-sp500\/\" target=\"_blank\" rel=\"noreferrer noopener\">SlashTraders vs S&amp;P 500: 450% Outperformance, Verified Trades and How to Copy Every Alert<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>If the stock price moves beyond our strikes, here are the adjusting strategies to the losing Strangle and we can wait for the stock price to revert back to our expectations.<\/p>","protected":false},"author":1,"featured_media":7981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"plain-container","ast-site-content-layout":"normal-width-container","site-content-style":"unboxed","site-sidebar-style":"unboxed","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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