What you are missing is that this is not the only trade I am doing, nor the only symbol, cisco being another.
You went from buying 6 month-1 year 65 calls to selling cheap garbage puts??? Printing dollars to printing pennies At least use the premium to finance a call spread....
Premiums are always putting to use, financing July calls on WOLF and a bourbon. And a gift to the wife, probably under 5k, so no risky trades until Jan next year.
Fake or not. I will take it. Just in case it is real then yields are going to adjust so there is no inflation and no recession next year. And if that's the case then the market needs to broaden out. I am picking one of the worst performing sectors of the year to make a bullish play on. But Its not China, Its not renewables. Its not utilities, Its not real estate. Its not staples.
I respect market makers but for several years they have not commited to making a market unless is suits them, maybe I should have said that their approach to trading was profitable on a daily basis because or order flow. It's easier to win when the other player goes first. I have never had an issue with market makers, if the prices aren't there, I don't trade- like Oct and currently Nov.
Unless you are big "Johnson" swinging Destriero type playing esoteric sticky delta etc., stay away from Butterfly. These spreads are VEEEEERY slow moving and to quote the big man himself " delta netral is just an illusion". Been there done that (just my experience). PS: give calendars an diagonals a (small) chance instead.