Long Strangle Technical Strategy

This is a discussion of the "Long Strangle Technical" strategy. See the best combination of moving averages and RSI for non-directional option backtesting, the Volatility Trigger.

Overview

• Long strangle
• 2 legs

Long Strangle Technical Strategy Settings

Long Strangle Technical Open Conditions:

• Stock crosses down through 200-day SMA
• Stock is below 10-day EMA

Details on Options TradeMachine is Selecting for Long Strangle Technical Strategy:

• 1x long 40 delta call near 14 days to expiration
• 1x long 40 delta put near 14 days to expiration

Earnings Handling for Long Strangle Technical Strategy:

• Never Trade Earnings

Long Strangle Technical Close Conditions:

• Gains are above 20%
• After open 10 trading days
• Options reach expiration

Open next trade for Long Strangle Technical:

• At Normal Time

Video Transcript