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If you could advise a rookie starting over, what strategies would you tell him to concentrate on, and what risk reward numbers to stay within?

So Im following correctly is the 'Long AAPL JUN5 290-340 121 fly': Long 1 x 290 Call Short 2 x ATM Calls Long 1 x 340 Call

Novice here trying to follow your coat tails. Im deep into the books you recommend but can you please explain what the exact trades you put on for this combo were?

Well congrats so far. Lets hope the IV stays high for a while and we can make hay whilst the sun shines.

No I just wanted to make sure I understood your logic. I too was badly burnt by holding overnight so Im looking forward to implementing your strategy. I use the same platform so hope to follow your success!

Thanks I think Im following. Yes I made my trade too late into the afternoon hence only worth 55 cents. By the numbers yours was worth $3.00 each? Do you find that the open markets generally follows what the futures were trending?

Thanks for explaining this. Can you give an example of one of your trades with the actual numbers, I want to make sure I follow along correctly. Today with SPX at 2920 I put on 0DTE: -2880 / +2870 -2945 / +2955 Collected $55

Wow thats a really great write up Lee; and much appreciated. Seems we are both following the same path, thanks for leading the way!

I mainly sell puts and have a lot of cash sitting in my IB account. Would you guys recommend buying say 4 month Treasuries or just leaving it in cash? Also an elementary question but if I buy the treasury, at maturity date will IB just auto process it and deposit the cash into my account...