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Why do paramedics leave their garbage at crime scenes? Why do firetrucks respond to non-fire calls?

Buy the dips. Tuesday June 19 3:30 PM EST. Buy GOOGL or NFLX OTM weekly call options. Thank me on Friday.

Taking notes is so 1990's. I suggest exporting to a PDF file, printing if necessary and yellow highlighter. A bit of an exaggeration.

GPRO

@atticus, @riskarb, @convexx, @destriero

When it hits your stop. Then it reverses without you.

The trader would have to crunch the numbers first. For me it's momentum. All the stocks on my watch list are trending up.

1-2-1 fly. Since maximum profit is at the short strikes that's where you place the "body" of the fly. ATM options will have higher premium - but if you think the underlying is going to move $20 after you enter the position you would place the "body" $20 OTM.

That's stretching it too far. I would say there is about 20 ET members who make visiting this site worth it.

In a nut shell No hedging required. The butterfly is a stand alone position. You must be good at estimating where a stock will end up on the date you would like to exit.

Atticus and his other ET aliases started lots of butterfly threads over the years - all your questions should be answered in those threads. PS ..... He even might answer this thread - I see he commented a few days ago on another thread.

You can hold to expiry.

1-2-1 flies are a good pre-earnings IV trade. Enter before earnings - exit after earnings. If you don't think the stock will move much after earnings a fly might be the way to trade it. Ideally you want the options to expire at the body strike. The debit to enter the trade is relatively low.

Iceland and Argentina 1-1 tie. Even though Argentina had the ball most of the game they couldn't do anything with it.

Just doing what they are paid to do.

Yes ...... That appears to be an obvious solution. But the problem still appears to be unsolved.

Part 2 of this thread is here: Broker that will allow writing covered calls on equity held elsewhere? The OP is interested in covered calls. The shares at one broker. The short calls at another broker. The dilemma is how to get both brokers on board.

The directional strangle/straddle option trader is 100% aware of what happens if he is wrong. He his prepared to lose all of the debit paid for the position - that is his stop. The collapse of IV after earnings is no mystery.

He doesn't give a rat's ass about IV - his focus is direction of the underlying. I think his name was Ken or maybe Kevin.

In Canada the cities are: Edmonton Toronto Montreal