Its a directionless. Low Volatility, range bound market for the last few weeks. Traders are often enticed in to trading with Short Strangles in such a market. However, its a wrong strategy since market may break up or down from this range soon, there are looming Geo Political Risks thus you can't short naked puts,the premiums you pocket from shorting are low, upside may be capped because of upcoming IPO's but you still can't short naked calls in a liquidity driven market. All this points to avoiding short strangles.