Good Strangle Starting Points

The <a href="http://ontt.tv/2mtnSQV">Short Strangle</a> is arguably the most classic of all tastytrade strategies, but with this strategy, where should you put your strikes? A great starting point is always the 16 Delta mark because those strikes translate directly into a one standard deviation move. As a result, what you’re left with is a well-positioned strategy that is set up with <a href="https://www.tastytrade.com/news-insights/time-decay-tick-tock">positive time decay</a> and high probability of profit.