lol, I'm gone for 2 days and all hell breaks loose on this thread :D but we've seen this all before...yawn. I know the question wasn't directed...
You're not turning your spread into a butterfly, rather you are combining your existing spread with a new butterfly to result in a new position...
:confused: lol, not sure about your logic there but then I have an IQ of about 3 and you've written a book so I'll assume you're right. Good...
You can! but you can ONLY adjust by the width of your spread e.g. 5 point spreads can be adjusted by 5 points by buying or selling butterflies....
Yes. Momoney.
Most of the adjustments I've seen you make aren't compatible with butterflies for adjusting due to the width of your spreads - they end up...
Under different IV, time to expiration, spread width, this can be substantially different...so not sure how useful this is as a guide for you....
Btw, you can chart the premium of S&P futures to spot price by using $PREM or $SP-PREM or $PREM.X etc. depending on who you're using. This is...
LOL. Yes, up and down like a tart's knickers. Could've taken advantage of the upswing to cover your short puts for a little profit and then when...
Parisd, I don't want to hijack Phil's diary thread lol, I see your logic and I see what you're trying to do. The deltas on the futures are...
I'm sure you know, but for those that don't, there are limits to how much futures can move in one day. For ES, I believe it is 5% of previous...
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