What I also find interesting is that although you've got $73k at risk on the puts and $73k at risk on the calls, you don't have $146k at risk as only one side will win (assuming you leave to expiry), and then this is giving a 15% returnoh, i like this... and it passes my "will i lose capital?" smell test
there's also 3 ways to fix it in case one side is DITM: roll / adjust a leg / buy a long leg (as hedge)
Short Straddle Option Strategy Guide & Example
A short straddle option incorporates selling a call option & a put option with matching strike price & expiration.optionalpha.com
In order to run this, I need some shares, so I will make my put sells a bit more aggressive in the coming weeks (10x -p700's in play this week - they might exercise, who knows...?), I'll start with 10x, then if the puts exercise after the first iteration I'll run it 20x - in principle that's $250k per month if the SP were to close at the strike... that's bonkers