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Week 31 - Opening Positions ABNB 7:14:7 155-160-166 calls bot @ $2.12 DASH 8:16:8 190-195-200 calls bot @ $1.64 DDOG 7:14:7 135-140-145 calls bot @ $1.82 MRNA 3:6:3 390-400-410 calls bot @ $3.33 OSTK +8 70 calls @ 1.30 SPY 10:20:10 446-450-455 puts bot @ $1.30 SQ 6:12:6 265-275-285 calls...

I've ran across his videos on youtube before. I will give him credit that he is talented as a teacher. At least his videos are not like watching paint dry. I don't trade his methods nor would I buy the course. But I picked up on your sarcasm.

Week 30 - totals BNTX 2:4:2 360-380-400 call bot @ $6.96 sold @ $1.95 -$1002 CRWD 3:6:3 265-275-285 put bot @ $4.78 sold @ $4.50 -$84 DASH 3:6:3 165-180-195 put bot @ $4.40 sold @ $6.63 +$669 FUTU 3:6:3 85-85-105 put bot @ $3.95 sold @ $4.75 +$240 MSTR 2:4:2 680-700-720 call bot @ $6.20 sold @...

prenup please my first marriage cost me close to a mil when it fell apart.

Hi Mike, Good questions. I usually look across both call and put OI at the same strike. Sometimes it's difficult as I've been told TW doesn't update the OI figure until the next day so I will also look at the daily volume at the strikes as well to see the direction. It would be a big drop...

Week 30 - Opening Positions BNTX 2:4:2 360-380-400 call bot @ $6.96 CRWD 3:6:3 265-275-285 put bot @ $4.78 DASH 3:6:3 165-180-195 put bot @ $4.40 FUTU 3:6:3 85-85-105 put bot @ $3.95 MSTR 2:4:2 680-700-720 call bot @ $6.20 NVAX 3:9:6 225-250-262.5 call bot @ $5.92 PDD 5:15:10...

@mike Thanks for the post and for reading through my meandering journal. Yes the profiles of a put fly, call fly, and iron fly are all essentially the same. I never hold them into expiration except for the SPX that are cash settled. I don't like waking up Saturday and being long or short...

Cafe con Leche, Jamon Iberica, Manchengo Queso, El Sol. Te deseo exito! Planeo visitar vistiar a menudo.

To this end if one had only one 20 delta strangle on and was well capitalized they could manage rick by shorting 100 shares when it crosses the short put or buying 100 shares when it crosses the long call if they had the buying power to do this. Whipsaw then becomes the risk with the price of...

I'm hoping the OP is viewing this account as pure risk capital with being willing to put such a large percentage of the accounts value into play each week. I'm guessing blowing out a sub 50k account won't have much of an impact on his retirement plan and lifestyle. I dated a divorce attorney...

@ Magic Thanks for this. Even though in the end the adjustment was deemed not needed by final price of the underlying it seemed necessary given the risk was building. I went with buying the debit spreads as the jump in vol makes them an affordable option with possible 1:8 or 1:9 pay outs...

Thanks for the response much appreciated. I guess I find the risk to be intolerable this close to expiration. The gap, strange news, whatever could send it collapsing my gamma risk blows up. I had an experience where I had legged out of a butterfly in GME once and left short puts on a body as...

Thanks for the reply. I'm mostly trading one day flies (thursday close to friday open) so I close the losers very early after the open on Friday to try to minimize the losses and not take a full loss on any of them although it happens from time to time with a large gap away from or through my...

Update on AMZN strangle - Sold another 5 Delta Strangle this week did some defending I wanted to share how it played out. 8/16 3120 put 3450 call collected $4.64 in premium 5 delta strike selection Sell off Monday and Tuesday pressures position as it almost doubles in value against...

Do you find you favor the 2/3/1 structure on the put side due to the skew of the volatility. You're selling a body with a higher volatility? Do you trade this structure more often on puts than calls?

Week 29 - Final Tally BIDU 2:4:2 130-140-150 calls bot @ $6.10 sold @ $7.61 +$302 CVNA sold 5 Iron Flies 345-350-355 @ $3.60 bot @ $3.24 +$180 FUTU sold 3 Iron flies 80-90-100 @ $5.75 bot @ $4.75 +$300 MRNA 2:4:2 370-400-430 calls bot @ $8.80 sold @ $5.82 -$596 NVDA 2:6:4 190-205-212.5 calls...

Some Random Thoughts on Tuscany TAP or Air Portugal sucks avoid flying through Lisbon. 20 flights all landing at 6AM with not enough agents in passport control a good chunk of people missed their connecting flights and we were without baggage for half the vacation. Not a big issue for me...

Week 29 - Update Entered Following Flies for expiration 8/20/21 BIDU 2:4:2 130-140-150 calls bot @ $6.10 CVNA sold 5 Iron Flies 345-350-355 @ $3.60 FUTU sold 3 Iron flies 80-90-100 @ $5.75 MRNA 2:4:2 370-400-430 calls bot @ $8.80 NVDA 2:6:4 190-205-212.5 calls bot @ $7.55 PTON 3:9:6...

Do wool futures still exist in Australia?

Week 28 -tally BIDU 5:10:5 162.5-170-177.5 call bot @ $3.05 sold @ $3.75 +$250 CRWD 3:6:3 250-260-270 put bot @ $4.55 sold @ $4.00 -$165 GME 1:2:1 140-170-200 call bot @ $12.51 sold @ $15.50 +$349 NFLX 4:8:4 520-530-540 call bot @ $4.00 sold @ $5.00 +$400 NIO 8:16:8 42-45-48 put bot @ $1.90...