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That is something I'm interested in. Maybe you could briefly explain what options are appropriate for different scenarios? Best environment for: Iron Condors Butterflys Verticals Strangles etc.

Damn, my pea brain is having a hard time understanding this one. Seems significantly more complicated than everything else you've shown so far. I'll get some sleep and hopefully I'll understand a little better tomorrow. Thanks for sharing!

Thank you! On -/+ 90% correlations cases, could you please help me go fish for these edges and how to exploit them? (Not asking for the fish here, just need some pointers on where/and how to go fish).

Do they follow the greeks in the same way as regular equity options? Same theta decay, etc.? When trading these one must look for higher volume and open interest in order to best ensure getting filled, correct?

Hey, just discovered Futures Options trade 23/6 just like futures. Thoughts on trading Option Futures? For /ES, /CL, etc. Please link to good resources/threads/etc. to learn. There's not much stuff online to learn about these, much less good stuff. Also, this is confusing me, why are the Jan...

What does trading single legs mean? Just trading 1 simple naked put or call?

What is the significance when /CL and /ES are trading in divergence? What is the significance when /ES and /GC are trading in convergence? Any simple edges to extract from such convergence/divergence? Thanks

He said he would trade Butterflys, Condors, and Verticals in this thread. So far I've only seen flys and verticals here. It would be nice for a noob to see how TradeTheory trades Condors. I want to see how he does it. Not someone else. But thanks for the suggestion.

@Trade Theory You're awesome! Thanks for sharing the knowledge. So far, I've seen your butterfly and spread vertical trades, I would love to now see how you trade Iron Condors. I'd greatly appreciate a brief summary of the strengths/weaknesses/applicability of each: Butterflys - Under what...

@tomorton What do you pyramid with? (stocks/futures/etfs/etc.) Could you please tell me how you do it? Thanks

Pyramid is simply averaging up? If so, I've done it with stocks, but never with options. Could you please give me a brief example of the best way to pyramid with options? Thank you!

That is something I'm greatly interested in - hedging. I know very little about how to do it properly, and I'm having a bit of trouble understanding your example with clarity. I'd greatly appreciate it if you could break your long butterfly with /ES short hedge explanation down even further...

Mind sharing more in-depth stats about your trading? E.g., how many option trades do you place a month. Out of those (are they all binary?), what percentage a month end hitting your short strike minus $5/or you manually exit in profit? How many are losers?

Thanks for everything @TradeTheory. Two last important question for now: Could you please tell me and/or give me an example of a couple of the best strategies for trading earnings reports (or any other kind of report, e.g., jobs and unemployment for /ES, grains stocks report for corn futures...

So what you're saying is that in a 5 point vertical of 100-105, if I could buy it for less than half of the width (If I'd pay less than $250 for the spread), that does not necessarily mean there is edge. Is that correct? Could a vertical spread have edge where you pay MORE than half the strike...

Taowave, could you please explain what you mean when saying "less than half of the strike width" You mean a risk/reward ratio below 1:1? Thanks

Great! I want to start journaling my spread trading on a spreadsheet. What data points should I gather (especially critical ones that might commonly go unnoticed)? (or if you have a template, I'd love to see it). Thanks

I haven't read a single book on options. Just learning here and there from various internet sources. If this is the wrong path, I'd really appreciate you pointing me in the right path. Thank you!

Beautiful! You explain options extremely well! I've a hard time understanding others when discussing options, but your explanations I understand really clearly. I've heard about butterflies before - had no clue what they were, but now from your succinct example I know what a butterfly is! The...

Thank you very much! At what time would it have been best (& cheaper than $170) to purchase that spread? When TSLA was trading at $435, $440, $442.28, $445, or $450? At which of these prices would it have not made sense to purchase the spread? Also need help with the following scenario: TSLA...