Dest's "Trade Against a Pro" Trading Challenge

I'm super dense. Where does 231P come from in your explanation?

 

No, it was a 231P fly with a 3120 body strike, neutral to 3132 (today).it gained 12% over the two day hold.

 

If someone feels like writing out exactly the calls and puts that were bought, that would be much appreciated and I would send you good vibes through the computer.

 

All that matters is the body strike, neutrality and duration. It was a Dec 13 exp.

 

I am dumb. I understand these words but I am unable to convert them into puts and calls so I can truly understand exactly what was done. I'm not asking you to do it, but one of the others who "gets it" maybe.

 

bought 2 3120 put, sold 3 >3130 put, sold 1 <3110 put?

 

So where does the terminology 231P or 132C come from

 

It's just shorthand to reflect the position.

 

No. No. No.

 

I don't know what you're getting at then, he traded the 231P fly.