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Thanks for this post. I'll check out her indicator.

Good points. I'll start adding average winner and average loser to next week's post and positions. Thanks for the input.

Yes MNST was a curious one today. I exited salvaging early but only to see it pin later. On the other hand I made a profit early in TSLA and then it just sold off. Winners become losers and losers become winners quickly. My head does spin a little but it's pretty fun to watch them spread...

Thanks for this feedback. I appreciate it. I think ditching the hedge is in the plan for next week. I think you're right about position sizes. 20 seems to much to manage and I don't notice things like partial fills because it kills the active order on my working screen for some reason and...

Week 18 - updates and totals AAPL 8:16:8 127-130-133 call bot @ $0.88 sold $0.04 -$672 ABNB 2:4:2 135-150-165 call bot @ $2.49 sold @ $0.16 -$466 BABA 5:10:5 215-220-225 call bot @ $1.88 sold @ $0.01 -$935 BLNK 7:14:7 27.5-30-33 put bot @ $0.90 sold @ $0.20 -$490 BTX 4:8:4 15-20-25 call bot...

Reasoning on the iron flies is they are only lookin to take a quick .50 off ideally on the open if the stock opens near yesterday's close the theta bleads off very fast. Some weeks if I don't see one that looks probably around the OI of the ATM strikes I pass. In NFLX you called it has to do...

Week 18 - Update Entered the following flies on May 20 for expiration Friday May 21, 2021 AAPL 8:16:8 127-130-133 call bot @ $0.88 ABNB 2:4:2 135-150-165 call bot @ $2.49 BABA 5:10:5 215-220-225 call bot @ $1.88 BLNK 7:14:7 27.5-30-33 put bot @ $0.90 BTX 4:8:4 15-20-25 call bot $1.81...

https://www.elitetrader.com/et/threads/weekly-pin-butterfly-strategy.354495/ Butterflies provide good leverage and are often cheaper than putting on calls or call spreads on a weekly basis.

nice work.

Good questions. I haven't played around with using synthetics to get better fills. I think this is primarily because with exception of a few longer dated flies in commodities I'm 99% trading one day plays and the bid / ask spreads are the usual tightness. Early exercise is a potential risk...

yep typo. mea culpa

The legion has an interesting hobby of making Christmas village models of little manger scenes. Odd but interesting tradition.

Another fun tidbit I've read perhaps of doubtable origin describes the origin of the term "pussy" as a medieval taunt during the crusades where the French knights taunted the Germans who couldn't keep up while traveling rough terrain and shitty weather. The taunt "pousse Allemand" or push on...

It's based on American ignorance. Perpetuated by shitty high school teachers all over the US. An article somewhere I read said France actually has the highest winning percentage when you add up every conflict they've been in. People forget the Grande Arme or that almost every military term we...

@cesfx Thanks for the questions. I usually look at finval once a week and then add stocks to watch into my butterfly list on tasty works. I sort by IV and then resort by price as preferably I like stocks were I can get $5 or $10 wide strikes. On some bigger tickets like TSLA I can go $30...

Week 17 - Update Totals APPL 7:14:7 128-131-134 call bot @ $1.03 sold @ $1.63 +$420 BA 2:4:2 220-230-240 call bot @ $3.63 sold @ $4.99 +$272 DKNG 6:12:6 40-45-50 call bot @ $1.16 sold @ $2.26 +$660 FSLY 10:20:10 40-45-50 call bot @ $0.72 sold @ $0.76 +$40 FUBO 10:20:10 18-20-22 call bot @...

Week 17 Entered the following flies after 2 PM CST for expiration May 14 APPL 7:14:7 128-131-134 call bot @ $1.03 BA 2:4:2 220-230-240 call bot @ $3.63 DKNG 6:12:6 40-45-50 call bot @ $1.16 FSLY 10:20:10 40-45-50 call bot @ $0.72 FUBO 10:20:10 18-20-22 call bot @ $0.68 MARA...

Dogie to the moon!!!!!!!!!!!!!!!!!!!!!!!!! I think some did better than I did for sure.

I remember these shit out beans being mentioned in some movie with Jack Nicklaus but can't remember the title of the film. You're a coffee genius. I like it.

I like this.