how much theta is require to deploy short stradle intraday and when not to deploy short stradle and how to find intraday break even , best time to book profit
1 Like
1.theta is relative its depends upon IV so ideally should place at high IV but risk also increases as IV can increase further.It also depends the time to expiry.Straddles are not recommended for longer expiry .
2. Profit target can be conservative at 25% of Total credit amount.
3. Not to place straddle for Vix <20% or >80% of bell curve of VIX.
1 Like