Selling Strangles: Short Strangle Strategy Criteria part 4 of 7 (how to trade Short Strangles)
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In this 7 part video series, tickertank.com founder Nick Fenton explains his criteria for selling Strangles (short strangles). Part 4 reviews Nick's minimum acceptable credit, minimum acceptable probability of success (aka probability of profit), and his preference of getting a visual of the trading range.
Keep in mind this criteria is specific to Nick, and is the result of several years of trading this strategy. Nick's criteria may not be right for you, but worst case you get a look over the shoulder of an expert.
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