your delta is 1.

if you sell one covered call and 1 naked put, your delta is 1. if you think your stock is range bound, why do you want delta?

if you want to earn more, selling TWO straddles or two strangels. 

if you do not have enough equity in your account - which is a bad reason to use options to begin with - consider selling a few more flies.

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• Trying to make money from more straddlers has much higher -huntridge- ♂ (173 bytes) () 04/03/2013 postreply 09:56:33