Weekly Iron Butterfly on SPY

I know that. Maybe that contributed to the position being down.
What about that free webinar? Do you have a link?

 

any update on the iron butterfly? i have seen some trades using the SPX and it looks interesting.

 

Non sense... Your premise doesn't make sense...... Your basically just shorting gamma or terminal distribution.... Your view on distro is always the same every Thursday?

 

OP -

Put another way, how likely is it that these exact options are consistently mispriced, essentially forever? Much more likely that some options are mispriced relative to some other options *some* of the time, and you can trade that. That *some* of the time being every Thursday seems pretty unlikely.


monkey

 

thats exactly what i was point to.. put a little more clearly

 

glad I could be of service!

 

I discarded this strategy a long time ago. However, the is a monthly Iron 'Fly strategy that has worked some 35 out of 36 times averaging 10% gains vs one 30% loss.