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Hi all. I'll add more color to this journal later. But for now; Trade 1- 3-lot of the SPX Jan31 3175/3250/3400 231 iron fly for 74.70 risk (75.30 cr)

I'd buy an A&M Goodman...oh wait

Prepping?...you gonna put $10MM in Jim Bakker food buckets ha

Long AAPL Jun14/Jun21 200/205 Call Diagonal from 0.08 debit

How many degrees were awarded to students from wealthy families that dropped out, or didn't earn more than their parents?

Long AAPL Jun07/Jun14 182.5/185 call diagonal from 0.35 debit

Long AMZN Jun07 1650/1725/1775 253 fly from 32.25 risk (reduced to 1-lot, 85.50 cr)

Greeks, vols, skew, etc don't mean jack this close to exp. You are approaching the event horizon ha ceteris paribus, it'll try to pin 40. Micro-structure is the driver now.

I am out of AAPL diag @ 0.30. So PnL=30-.08=.22*100*100= $2,200. Woohoo...now I can retire :cool:

Do you mean 36/41/43.5 (symmetrical), or the asym 36/41/44?

*Guest Post* I bot the AAPL May31/Jun07 180/185 call diagonal for .08 debit

The line between fortune/ruin teeters on a tweet...sim sala bim, oh wise one

-Long the SPX May10 2800/2900/2950 132 fly (irons) from 48.00 risk (52.00 cr)

Screenshot?

No clue which underlying you’re referring to. But let’s say you’re right, why didn’t you sell the 15 DTE put, and buy the 150 DTE? This would result in a long calendar spread for a credit, which happens to violate the arbitrage bounds of BSM.

If trading is zero-sum. Then someone has to win. In the case of the OP, where did your money go? If someone is selling a strategy, then it doesn’t work. If their strategy had +EV, then they would be better off trading it themselves than giving it away.

I’m based out of Chicago...the kid who mows my lawn used to trade for peak6.

Current Marks: Entry:

-Long the SPX May10 2875/2925/3000 352 iron fly from 37.15 risk. Since you have to 2x, to reduce to 1-lot risk, it's = -75.75 / 2 = 37.875, 75-wide - 37.875 = 37.125 risk