A short strangle or iron fly placed inside 10 days to expiry earns most of its premium in the final stretch of theta decay. The MintByte rentier filter targets short-DTE underlyings where the regime is either sideways or in short-covering (= bullish-but-quiet), with elevated IV percentile so the entry premium is meaningful relative to width. Earnings-exposed underlyings are excluded — see the dedicated Earnings IV Crush goal for those.
Short Strangle or Iron Fly at ATM±expected-move
Pre-computed strikes appear in each X-Ray drawer below; tap a row to preview the leg layout.
Calculators on this site use the inputs you provide and the assumptions disclosed in their methodology. Returns are not promised or guaranteed. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.