selling a butterlfy

Discussion in 'Options' started by met1989, Sep 4, 2019.

  1. When it is obvious that the underlying stock is going to go up, you could buy back the short In The Money (ITM) call options to maximize profits, essentially transforming the position into a Bull Call Spread with an additional call option on it. And vice versa on a down-move.
     
    #11     Sep 5, 2019
    tommcginnis likes this.
  2. met1989

    met1989

    What’s R:R?
     
    #12     Sep 5, 2019
    Philo Judeaus likes this.

  3. When you open a position and end up being wrong and positions starts losing money, here is what you do.

    lean in so I can whisper it in your ear...




    CLOSE THE FUCKING POSITION!
     
    #13     Sep 5, 2019
    kv1289 and tommcginnis like this.
  4. tommcginnis

    tommcginnis

    Depends on position.
     
    #14     Sep 5, 2019
  5. ironchef

    ironchef

    Your counter parties?
     
    #15     Sep 8, 2019