9 ms·sell at the money monthly straddles to finance the otm puts ?by naveen99 7y agosell at the money monthly straddles to finance the otm puts ?mrigor 7y agoselling insurance to buy insurance defeats the point, ATM options only pay for expected moves so you have no protection gain with your strategynaveen99 7y agoThe point is giving up some upside gain for downside protection. You are net selling insurance, with a slight bullish bias.