well I do not do a lot of different strategies but another one I dabble in is calendar spreads when there is a nice IV skew. Other than that, just credit spreads really . I like to keep it simple lol.
There is no problem with regular flies in a retail account. Coach was exploring cross month flies that can be only performed with haircut margin (retail accounts have to use Reg T margin and the cross month fly is not a suitable position for most of us here).
I don't see a difference between a cross month butterfly in a retail account and the same strike double diagonal spread done in a retail account. The problem may be the broker. George
Coach is short Nov, long Dec and short Jan. The Jan shorts would be naked in a Reg T account and the margin would be huge. He is doing the cross month flies in his prop account and gets the haircut margin there to make this position possible.
FLYs are cool! Mine is just a combination of short and long calendars. One of the automatic and unfortunate applications of Reg T is that the back months are treated as naked if short, as in a short calendar. QUOTE]Quote from MTE: What's the problem with flys in a retail account? [/QUOTE]