One of the first questions traders ask when selling cash-secured puts is simple:
It sounds like there should be one clean answer.
Sell the 10 delta if you want safety.
Sell the 20 delta if you want more premium.
Sell the 30 delta if you are comfortable taking more as
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What Delta Actually Tells You (And What Most Traders Get Wrong)
Delta gets thrown around constantly in options education.
"Sell the 0.30 delta call." "Buy the 0.70 delta LEAP."
Everyone nods like they understand it.
Most don't. Not really.
They know the shortcut — delta ≈ probability of expirin...
A short strangle can collect premium from both sides of an options market, but it also creates risk on both sides of the underlying price.
You sell an out-of-the-money put.
You sell an out-of-the-money call.
You collect premium from both contracts.
If the underlying stays between the two strik
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