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Not to confuse you, one can use all puts or all calls for the same trade. If not there would be free money on the table.

prob not a gap lol.

1220 here we come.

Sorry, sometimes I'm not smart enough to follow your posts. If you set up a fly, view the entire trade as one price and monitor it. There are no debit spreads, simply two credit spreads mated together. :)

Anyone want to buy my goodwill? I'm make you a deal!

LOL. Good one.

Yes, ATM is the most profitable market level during the duration of the trade, give or take.

Hi, if concerned about assignment then use the xeo. The entire trade is viewed as a credit, the long wings are not considered a stand alone debit. They can be exited at any time. Normally the profit occurs in the last few days, I try to hold them as long as possible with a trailing stop...

LOL. short 530x545 call spread. short 530x515 put spread. Net credit.

there are different ways to set this up, but, here is the basic jist. You got the call side, but the put side is a credit spread as well. To complete fly you would sell the 530x515 put spread for week 4. What do you end up with as a credit? The other perspective is a short 530 straddle...

You bet, click on analyze, thinkback. Change the date on the right, have fun.

Often adjustments exacerbate the situation. If they work for you then go for it. In order for premium selling to be profitable, expectancy must be supported. If a short option multiplies by more than 5, usually, expectancy breaks down. My exits are usually 3 to 4 times the entry.

Signals are fairly easy to generate, managing is difficult. You might want to simply make alerts entry and exits for credibility.

Rolled week 3 1125 put to week 4 1140 put.

Yes, butterfly on the oex. Most are short straddles with the longs 15 points away, set up on Friday. Exit is 1.3 times trade low. Getting killed this week lol. Monthly spreads tend to do well with a high probability, although binomial and low r/r. I'm not a fan of adjustments. Limit...

The short term work is fairly high in intensity. Using a fly I can make as much as 50% on margin on the weeklies but the norm is 5-10%. During high volatility environments the short term trading has to be geared down as mean reversion drops and exits are blown out. My long term models...

Sold an 1125 put on Friday and carried it over the weekend. The main idea here: would have to break 1130 support for the 1125 to go atm. Monday, sold an 1135 put, didn't like the price action so added an 1180 call. At the end of the day on Monday there was a drop and the buying pressure...

Man, I needed that laugh, thank you. :p

falconview, entertaining to watch you wing it. Keep it up.

30% haircut in premiums across the board on weeklies this morning and fairly benign market action. Should have stayed in, no regrets, a gap would have been more than a pain in the neck. I only used a moc order because I was neutral near the close, otherwise would have been out earlier.