Help in Formulatiing strategy to take stock straddles
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Hi all,
I have applied one logic in which is favorable in index options, i.e. high pole follow through and a turtle breakout (this was co incidentally mentioned in Finding edge podcast on deploying straddles). Now i wanted to do it on stocks, but i know i cannot randomly deploy it on the scanner, i need to refine my selection of stocks, can you guys help me on finding out the best way in finding sideways stocks for deploying straddles or if you already have a process in hand, please let me know how to do it.
Thanks in advance.
Looking forward for expand my knowledge