The key to profiting with IC's is to get out early. When you see a 50% reduction in premium, get out. Holding on till expiration is just plain stupid.
I'm seeing it's possible to make good money with diagonals if you enter only deals that pencil out, like Twitter looks outstanding now, but Morgan Stanley doesn't.
Yes I did. Better Sharpe but before commission and slippage, not so after factored in commission and slippage.
Just need to know only a handful can make it. Book is a good starting point to acquire the knowledge. You have to develop your own holy grail.