Recent content by arm0211

Hi All, I have been captivated lately by selling broken wing butterflies with breakeven near 2X expected move for earnings. Being a relatively new options trader, its difficult to find some best practices for trading BWB in regards to IV, DTE, when to close, and how to adjust. Looking for...

seems like the responses are more of an opinion piece rather than addressing the question..

looking for inputs on the strategy of selling weekly puts that become ITM. When rolling naked puts, do you tend to wait til the Friday if expiration to decide to roll or if the position become ITM early in the week and there is little extrinsic value do you decide to roll early/mid week since...

I’m just making the point if i make 5 trades and 1 goes against me, then I’m in an over all loss.

Thank you for your inputs. These are just the two concepts I have started looking at during my first month of trading. I realize just because this month was successful, doesn't mean all months will be like this. This is the reason why I was looking into more risk friendly alternatives. I get why...

I’ve been taught and suggested trading weekly naked puts are the way to go, rolling until successful if necessary. Ive looked at vertical spreads to hedge risk but rolling those seem more difficult if the position goes again you. Agree with the baseline or disagree and why?

Can you speak more to that? I’m not sure i understand fully. I believe you’re insinuating a $1 strike gap. .23 or 23% isn’t enough premium to cover when a position goes again me. What is a hedging strategy for this scenario?

Hi, Question regarding managing vertical spreads. I’m fairly new, spent the last month selling naked puts on Blue Chip stocks. Initially I wasn’t comfortable having zero downside protection and wanted to hedge risk by selling Vertical spreads so i opened some up recently. I hear a lot of...

BBY

Hi Fairly new to shorting puts. typically I've been shorting the puts on Monday that expire the coming Friday, and only rolling if its at or near the strike price. I'll always roll to the following Friday. On 11/6 I shorted a put for .29 at a strike of 55.5 with an expiration of 11/10. The...