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Experimenting with a new twist to the weekly butterflies. Looking at high priced stocks with decent implied volatility as well as multiple plays on SPX throughout the week. Using a Monday set up with put flies in high priced SNs. Opening as a broken wing fly to collect a credit. After a day...

Best day traders in the commodity pits were usually spreaders. Buy the bid in the front sell the ask in the back and then as you lock in your nickels trade the spread out. I've never tried to day trade stocks. I hope you pull it off.

@ @globaloptiontrades Many thanks for reading and for the thoughtful comments. I usually set a working order for 3X what I paid for the fly the night before and then adjust pre-open. Some of these hit on open but mostly they are adjusted and then I'm manually deciding when to exit...

Are you still trading the expiration long condor strategy at all? Playing a move either way in the higher IV stocks?

Good points. If I figure the return from the amount of capital put in play it would be up 45% in ten weeks. But feels somewhat wrong to say that because I don't believe one should ever allocate 100% of capital towards the fly strategy as there is systemic gap risk up and down that every fly...

Week 23 - Updates ABNB 8:16:8 150-155-160 calls bot @ $1.78 sold @ $2.26 +$384 COIN 5:10:5 240-250-260 calls bot @ $2.97 sold @ $4.25 +$640 DDOG 5:10:5 100-105-110 calls bot @ $3.20 sold @ $3.24 +$25 FB 4:8:4 350-360-370 calls bot @ $3.57 sold @ $3.85 +$112 NFLX 4:8:4 530-540-550 calls bot @...

Week 23 - Opening Positions * exited the TTD carry over from last week at 1.25 for a $200 winner going into this week ABNB 8:16:8 150-155-160 calls bot @ $1.78 COIN 5:10:5 240-250-260 calls bot @ $2.97 DDOG 5:10:5 100-105-110 calls bot @ $3.20 FB 4:8:4 350-360-370 calls bot @ $3.57...

Yep pretty much flat. I'm only trading with about 15 k in risk capital so the return on risk is up 20%. Once I get consistent I plan to up the weekly risk allocation.

Ah the intraday SQ had a bull bias bot at 9:17 am sold at 9:43 am CST

@ffs101 Thanks for the feedback. I'm going to avoid intraday and just go with 10-12 overnight flies and avoid most of the meme wsb stocks. Looking to exit everything and avoid the last hour of trading. On the QS it was especially narrow as it was an Iron Fly with a neutral view when...

TTD was a a mistake as I entered these with 14 DTE rather than the O DTE so am now holding this trade to see what happens into next week. Forgot to clarify about that.

Week 22 - Results Intraday Trades FB sold 7 Iron Flies 340-345-350 @ $2.93 bot @ $2.81 +$84 RIOT 5:10:5 30-35-39 calls bot @ $2.90 sold @ $3.20 +$150 Hold to Friday Expiration DASH 3:6:3 170-180-190 calls bot @ $4.96 sold @ $5.00 +$12 FUBO 5:10:5 30-35-40 calls bot @ $2.46 sold @ $2.65 +$95...

Week 22 - Update Intraday Trades FB sold 7 Iron Flies 340-345-350 @ $2.93 bot @ $2.81 +$84 RIOT 5:10:5 30-35-39 calls bot @ $2.90 sold @ $3.20 +$150 Hold to Friday Expiration DASH 3:6:3 170-180-190 calls bot @ $4.96 FUBO 5:10:5 30-35-40 calls bot @ $2.46 PTON 10:20:10 115-120-125 puts...

@easymon1 Thanks for the chart. What is it? I'm trying to figure it out.

I find this annoying as well. I need to talk to my broker as currently I can't enter orders after 2:30 pm that expire at 3:00 pm CST. I have the cash to cover any assignments but there are opportunities that present themselves for quick straddle plays or some last hour theta crush.

Butters is a german shepherd / golden retriever mix. I adopted her from the shelter about two years ago. She's around five years old they think. She was there for a year and a couple people had brought her back. Not sure why. She's pretty friendly and all. A little neurotic when left at...

@IlliniTrader agreed I'm still finding ticks on my sweet Butters. Should have got that tick collar. Live and learn.

I've always heard from surgeon friends it's easier to dig a hole than build a pole.

Wait... Salty Nuts is dead?

Week 21 - Update and Exits DKNG 10:20:10 52-55-58 call bot @ $1.47 sold @ $2.00 +$530 ETSY 5 Iron Flies 160-165-170 sold @ $2.78 bot @ $2.55 +$115 FSLY 10:20:10 52-55-58 call bot @ $1.35 sold @ $1.68 +$330 FUBO 12-24-12 27-30-33 call bot @ $1.03 sold @ $1.50 +$516 GME 8:16:8 240-250-260 call...