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Week 21 - Updates and Entries Intraday TSLA 2:4:2 605-620-635 call bot @ $4.50 sold @ $5.03 +$106 Hold to Friday Expiration DKNG 10:20:10 52-55-58 call bot @ $1.47 ETSY 5 Iron Flies 160-165-170 sold @ $2.78 FSLY 10:20:10 52-55-58 call bot @ $1.35 FUBO 12-24-12 27-30-33 call bot @ $1.03...

The infamous 5 8's account worked pretty well for Nick Leeson at Bearings Bank.

Good point. I can see the daily volumes at certain strikes live but I've been presuming the OI is live as well. In the ideal candidates the contrast of OI is ideally very large over the other strikes. I need to now think about this presumption that what I'm seeing on Thursday is not...

Hope your dive went well and thanks for the input.

The Value of One last few days in fly value. Special thanks to @sigma for this chart of an IWM fly during the last week of its life. I've gravitated towards entering flies on Thursday for Friday expiration as it appears the greeks and their changes provide the greatest change in fly value...

Week 20 - update / totals Entered and Exited Morning of 6/3 ABNB 4:8:4 145-150-155 call bot @ $1.31 sold @ $1.63 +$128 SPY 10:20:10 413-417-421 put bot @ $1.25 sold @ $1.20 -$50 TSLA 11:22:11 592.5-600-607.5 call bot @ $1.15 sold @ $1.30 +$165 Hold overnight 6/4 ABNB 8:16:8 145-150-155 call...

@easymon1 I use primarily the largest Open Interest at strikes as the place to set the body. If there is a large disparity. Sometimes deviate based on charts for example up three days looking for a reversion. I'm learning from some others on some different indicators I might use as well...

Week 20 - Update Entered and Exited Morning of 6/3 ABNB 4:8:4 145-150-155 call bot @ $1.31 sold @ $1.63 +$128 SPY 10:20:10 413-417-421 put bot @ $1.25 sold @ $1.20 -$50 TSLA 11:22:11 592.5-600-607.5 call bot @ $1.15 sold @ $1.30 +$165 Hold overnight 6/4 ABNB 8:16:8 145-150-155 call...

Great post. What's the next career? Always a fun time in life when changing focus. Wishing you well.

@IlliniTrader A wind shift or the rain might be the end of it.

Week 19 - totals update ABNB 6:12:6 135-140-145 call bot @ $1.98 sold @ $2.40 + $252 COIN 8:16:8 245-250-255 call bot @ $1.50 sold @ $0.00 -$1200 DASH 12:24:12 140-145-150 put bot @ $0.95 sold @ $0.07 -$1056 FUBO 20:40:20 21-23-25 put bot @ $0.57 sold @ $0.75 + $360 LULU 8:16:8 320-325-330...

@Illinitrader Agreed. Playing a reversion on this one after a couple days of strong up move. Going to let it play out throughout the day. At the time high OI at my belly but it looks like highest OI now at my high wing. We'll see what happens.

nice play. sadly i'm on the put side on this one.

Week 19 - Update ABNB 6:12:6 135-140-145 call bot @ $1.98 COIN 8:16:8 245-250-255 call bot @ $1.50 DASH 12:24:12 140-145-150 put bot @ $0.95 FUBO 20:40:20 21-23-25 put bot @ $0.57 LULU 8:16:8 320-325-330 put bot @ $1.65 MSTR 2:4:2 485-500-515 call bot @ $5.57 NFLX 8:16:8 500-505-510 call...

Am long this in my IRA @ $9 a share have been selling calls against it. Short the $20 call with 16 DTE. Hoping to the moon has a pause at 19.99 a share.

My goal is to keep the journal as honest as possible. Come profits come losses hopefully it will provide some valuable information for others who trade the fly. Hard to say on what I expect in terms of returns. I started trading primarily flies in a much smaller account last year and had good...

I went with the Model 3 all wheel drive and did add the full sefl-driving for the extra fee. I'm not really a car guy. I had a 2011 hyundai sonata hybrid that was T-boned and totaled out and reclaimed my sons 2011 impala but need to give it back to them for the summer so they can get to their...

Wanted to say thanks to everyone for the feedback this week. It's much appreciated I've got some vacation days to burn this week to avoid losing them and have a staycation planned with some home repair projects, resealing the foundation, installing a Tesla charger for a June delivery, and a...

i think i need to open an account with TOS to have access to these tools. I don't believe TW has similar tools unless I just don't know how to access them. I'm somewhat tech savvy but my twin 20 year old sons refer to be as a boomer (I'm only 42) and presume I can't figure anything out...

Good thoughts on RSI and the often occurring situation of high OI above and below. I'm going to work this and some other info commenters have shared into the selections this week.