by doing a long straddle you must cover one position at a loss. that may end up being an overall loss at expiration. that is why i don't believe you make any money especially now that option premiums have faded away due to low volatility.
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This is taken right off my website BELOW MY PICKS. Maybe you should read it. "As a full time trader who is sitting in front of my platform the whole trading day, I may open a position naked, that is no straddle or hedge, then closely watch the position to see if a straddle or hedge is needed. " Moreover, I state "one should consider OPENING a position in this way, NOT hold both... Here is a link, click here: https://www.traderschoice.net/money-page--stock-picks.html
You don't believe t hat the Lion makes any money... how nice for you. By all means, please continue to doubt the Lion!