Institutions's favorite Options Strategy for Sideways Markets
@OptionsDelta:
The market has been flat lately, with continued sideways moves in early April, volatility too low, and money in the market too scarce, so straddle strategies are making a comeback. Straddle strategy orders can be seen in the option changes of many heavy stocks, such as Apple, where the total turnover of option portfolio is more than 20 million:$AAPL 20230616 165.0 PUT$$AAPL 20230616 165.0 CALL$Tesla, for example, has a total options portfolio turnover of more than 17 million:$TSLA 20230519 165.0 CALL$