Destriero - Butterfly Trades

Discussion in 'Options' started by ironchef, Dec 11, 2020.

  1. .sigma

    .sigma

    new Greek: ULTIMA
     
    #211     Jan 11, 2021
  2. Much more of that, and you're going to need a pentacle and an athame.
     
    #212     Jan 11, 2021
    .sigma likes this.
  3. .sigma

    .sigma

    you forgot OMEGA and maybe even some SADDLE GAMMA
     
    #213     Jan 11, 2021
  4. ironchef

    ironchef

    Still don't understand what you said, :( but,

    Remember your BIIB fly? I finally figured out what you did there. Thanks a million. :)

    How do I repay you sir? :D
     
    #214     Jan 12, 2021
  5. mjf61

    mjf61

    i think he means deep OTM verticals, rather than ITM.
     
    #215     Jan 12, 2021
  6. .sigma

    .sigma

    why do you think he thinks that, I’m curious.
     
    #216     Jan 12, 2021
  7. mjf61

    mjf61

    I am conscious that I am answering on behalf of the great man without permission for a second time, so I will tread carefully...

    My reason was that having read through his extensive guidance on this site and indeed in his chapter in Traders of the New Era, he has spoken of putting a portion of gains into 'garbage puts' (deep OTM puts).

    I think that him now suggesting putting a portion of gains into deep verticals would just be an extension of this idea.
     
    #217     Jan 12, 2021
  8. taowave

    taowave

    Why on earth would you put money in DITM verticals (edge or no edge)with your win money??

    It's basically the opposite of "wings"..


     
    #218     Jan 12, 2021
    .sigma likes this.
  9. mjf61

    mjf61

    Indeed
     
    #219     Jan 12, 2021
  10. .sigma

    .sigma

    Hey! What’s wrong with DITM vertz? No love?
     
    #220     Jan 12, 2021