I can see how it dampens the enthusiasm. It doesn't negate the strategy it just makes the returns more worldly than other worldly. I'm going to...
I show $547 in buying power for the same FCEL trade.
Happy to take a look in my TW account to see what the BP effect is as well if needed.
btw just filled at 4.15 on that AMZN strangle $416 winner. Owe you a beer for the idea.
SN as in single name. The AMZNX GOOG stocks priced as over $1,000 a share.
5 Delta as high value SN. It took 43k in BP bot the POP is 93%. Hopefully closes tomorrow at 50% with my gtc order or I will add a 100 pt fly...
Sold the 5 Delta Strangle in Amazon on the open at 8.35. 3175-3770 so far so good. GTC order at 4.15 working. At 5.95 at the moment.
Same with puts. If there isn't much value in the short strikes of the belly of the fly and you are playing a directional move it's better to just...
It's really both coming into play at once. I'm usually in stocks with good implied volatility otherwise it would be cheaper to just buy calls...
I have a journal going called "weekly pin butterfly" that lays out the nuts and bolts of what I do I trade short term Thursday to Friday. I put...
You could take some of your premium collected and buy cheap OTM put and call flies that are pretty wide below your put and above your call. If...
@IlliniTrader last couple of weeks it has worked to just exit pretty early after the opening. The move towards highest OI seems to either happen...
amen
Thanks for this. It does seem pretty aggressive. I don't know if i could stomach that type of allocation in my account but i'm pretty much a...
Interesting stuff and thanks for sharing. I do believe these premium selling strategies can have a profitable track run but am always worried...
@ffs1001 Agreed. Putting the input from others on this board - yourself included - has helped refine the strategy. Ditching the hedge has...
Week 25 totals / update BYND 3:6:3 105-120-135 put bot @ $6.80 sold @ $7.50 +$210 CVNA 3:6:3 285-300-315 put bot @ $5.41 sold @ $1.81 -$1,080...
Week 25 Update Entered today for tomorrow's expiration: BYND 3:6:3 105-120-135 put bot @ $6.80 CVNA 3:6:3 285-300-315 put bot @ $5.41 DASH...
Week 24 - Totals Today's closing trades from yesterday's experiment with the broken wing flies. AMZN 10:20:10 3610-3600-3580 bw put fly bot @...
Week 24 - Update Today's closing trades from yesterday's experiment with the broken wing flies. AMZN 10:20:10 3610-3600-3580 bw put fly bot @...
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