Recent content by OptionGreekGeek

So, putting this kind of broken wing butterfly on both sides seems problematic. On the downside, it has the additional problem of short vega, less of a problem on the upside. Perhaps an additional long option further above/below could help?

I want to ask experienced traders thoughts on using both butterflies and further OTM credit spreads, or even butterflies on both sides and iron condors on the same underlying? When we talk about Broken Wing Butterflies, it's essentially a butterfly with an embedded synthetic credit spread. The...

I'm looking for options Proprietary Trading opportunities. Where can I find them? I'd like to be able to find an arrangement where I would put in about 10K of my own capital, get to trade 100K with a profit split.