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:
Long Strangle Technical Close Conditions:
- Gains are above 20%
- After open 10 trading days
- Options reach expiration
Open next trade for Long Strangle Technical:
