$NUGT I want to do a short $NUGT strangle. I also want the put and call to move the same. E.g., If the stock price moves up, or moves down, I want the change to be the same, e.g., If the stock moves up by 2 points, and the change in the call option is +1.00, then I want the change in the put side to also be -1.00. I don’t want changes in the stock price to necessitate a margin call. Is this possible? Pick stock prices with the same delta? Is my question even clear. I got beaten up once in $NUGT, and have shied away from it since, but want to try and trade it again.
HonkHonk to all. Have a great weekend.
BTC all my 7/8/16 expirations, ($UVXY), so have none, except, $SVXY 7/8/16 49.0 call, stock assigned, called away.