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Yea, lets keep this thread strictly on optionality, not delta-one productz :)

You also can't learn much from low frequency.. you gotta slap a bunch of flies around to get a feel for how they work. Just because one trade couldn't get filled shouldn't deter you. In fact, IMO stay away from $SPX, unless you have experience trading it with lesser complex optionality, and have...

I think mine was a bear put spread in $YHOO. Ended up breaking even. Had no idea what I was doing, but I'm surprised by first trade was a spread. Since most people start off just buying calls/puts. Anywho what was your first option trade?

Well today was insane. Realized profits in a few cheap stocks, but the big winner: 24 DEC 20 600/640/680 puts in $TSLA, bought it last week at 5.10, today closed around 22.22. Tesla closed 640.43. This is the power of a pinned fly, especially in an underlying like TSLA. Mostly pure luck, with a...

Dude, was wondering when you'd update us. Going to break down your post now! Have a great end of the year @guru

Have you tried any other Underlyings besides SPX? How about SPY?

19.40 now, about to close my measly 150 shares

$18.92 bebeeeeeee

remember, all spreads are interconnected.. so understanding one type of spread will make you understand other spreads. It’s essential to know this when trading options, it’ll give you a much better viewpoint. Study up on synthetics.

$ROOT 17.40!

Yes, a bull put spread is a bullish trade, if the stock goes up, most likely your spread will rise in value. But if you are gunning for a price rise relatively quickly you're better off trading the bull call spread instead. The spread is initiated for a debit and your risk/reward will most...

Huh? even a market order didn't get filled? What was the fly (strikes?) and at what time did you place the order (morning?)

$RIG was an absolute monster, I caught that slut <80cents! Amazing trade. RCEL QIWI NBRV GLG SATS check em out when you get the chance

Just took a look at your screenshot of your positions. A lot of those look like trades I'd have on, subscribed to this journal!

Just put this on my watchlist, looks interesting here.

Nice, I've been long since last week

IMO, stay away from binary bets like this. Once you are more advanced then I'd say trade earnings plays and event-driven type news.

Another stock up 588% since July.. idk man, you got some guts going long a stock up that much in such a short time. I'm more of a contrarian minded man, but to each his own. OI measures that individual leg, not spread. But yes you dont want to trade any strike that has less than 100 OI, I...

Maybe give an example on what you're trying to trade?? Also are you trading a regular fly? or an iron? Remember the iron fly has 4 legs, while the natural has 3. With that additional leg, we can view the iron fly as a long fly + short box. The short box is the reason the iron fly RECEIVES a...

Interesting you mentioned this, as I traded $INTC on 10/30, 44/47 call spread, max profit, but look at what it did weeks later, sickening. But thats the thing with verticals, limited profit, and I did not look to make much off $INTC but man, I'm thinking maybe instead of weekly verticals, i'll...