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Many sophisticated options traders go beyond that, choosing to focus on volatility as the main durations, and quantities, to construct a position that is said to be "delta neutral". The purest selling strategy is a naked strangle, which involves 

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To enter into a neutral options position, all you have to do is sell one or more For example, if June T-bond futures are trading at 110, you might sell the 116 call .. The term "Delta Neutral" refers to any strategy where the sum of your deltas is