Is it safe to say that if there isn’t an IC that has a qualifying minimum profit that there is not enough expected range to take a straddle instead generally?. I have demo traded straddles a few times in this situation with poor results and would like some feedback before wasting any more time proving what more experienced traders already know. Thanks.
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That is a correct assumption. If an Iron Condor is recommended on the News Plan that is due to the news even not being a big expected move or a quick retrace expected so that is why we are not using straddles. But, then yes if you can not find a proper Iron Condor then you definitely do not want to do a straddle. You could possibly look for an iron butterfly. Be sure to demo test to see if the butterflies work out for you in those situations
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