research
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Apr 6, 2026
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15 min read
Short Straddle Strategy: Maximum Premium, Maximum Responsibility
Short Straddle Strategy: Maximum Premium, Maximum Responsibility
You looked at a short strangle on SPY collecting $9.64 in credit. Then you looked at the same expiration ATM short straddle: $33.05. Three and a half times more premium for the same underlying, same expiration, same VRP environment. So you
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