Eyeballing the AXP 95/99/103 fly.
The election news blew through my 277 price on SPY. I closed it for a loss, covered at 0.59 initial credit was 0.32.
Correction, SPY was at ~272.10 at the time of fill, not ~271.10. Today's close at ~273.50 shows a 0.04 loss so far (mid quote -0.36). A pullback...
Right. I suppose what I don't understand is that when you say that, are you looking for a better price to open (cheap wings) or do you think the...
OK, I Johnny traded a bwb this morning on SPY. My "feel" is that 276 isn't going to materialize. If 276 is breached, I'll probably close, but I...
I'm not entirely clear on sentiment. Are you mildly bullish but want to be right if there's still bearish movement or are you just bearish and...
This makes a lot of sense to me and echoes how I usually feel going into a position (downside goes a lot faster). I too liked the limited or no...
I appreciate the posts. Ya, I get that you have to pick a bail point. I've been trading regular flys and reading up on bwb's. I heard/read that...
Haven't traded a bwb, is that T0 line believable?
No. The Richter scale is clearly in overbought territory. It will revert to mean.
Or potatoes. I can pull those out of the ground and they have more intrinsic value. :D
All money is faith. Hell, even gold is faith. Value is faith. That you're likely to get X for Y is all based on faith.
The people with their hands out now run this country. Where do you live where that isn't the case?
Can you point me to some of that research? I'd really like to give it a read. Thanks.
Considering that you're doing this, it must be a positive thing over the long haul? I imagine there are very lengthy stretches of losing. Do you...
Thanks spacelord, this is exactly what this thread is to be. It's not a trading strategy to feed your family. It is something to discuss. If...
Right, you said "ended up being". So your idea is buying calls on an individual stock? If you had $100, $1000 per month for pure unadulterated...
I'm very familiar with option spreads and trying to minimize time decay, directional bias and basically trying to capitalize on what is probable...
You nailed it. And that's why they're so popular. The majority of folks can't keep it in check. Credit cards superior to debit cards in terms...
So people who know more about a particular subject have the ability to predict the future. Interesting postulation. I think this has been...
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