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What does Karen have to do with ole Sweet Robert? Legit fills are for suckers. You don’t need to prove shit to anyone. Nothing against legit fills, it’s just not something I care about. Who really cares what the next man makes or doesn’t? and Bobby’s journal was very informative and...

I’ve been reading your original journal. Straight classic. I was dying at your comments to Mav and OC. Great content man, looking forward to this. subb’d

Adam, I'm trying to figure out what you mean by "I closed for 84.00 risk (66.00 cr)" What's this 84 number? Your total risk compared to the amount of credit you received?

hey @Doobs789 what software do you use to trade?

what is TST?

I'm forever long... yet I'm synthetically short vol What a world.

BOT 7 FEB 20 3260/3240/3220 PUTFLY 242 @ 1.80 R Yesterday.

I wouldn't read into it. If anything looking at the news hinders ones ability to think clearly. I truly believe this and I try to stay away from the news, although its hard at times, but you know the media is using this stupid virus as a catalyst for this correction, its just timely that's all.

I also view the iron fly as a straddle being strangled. Yet this discussion can change if we are talking about iron fly's on a product like the $SPX. Skew being a blatant factor in this monster, we know the key to success is what price you pay for the strangle. This is why iron fly's might be...

Lets get a new discussion going on fly's for the new year. Lets build a knowledge base and create newfound knowledge from past threads, and learn and understand this wonderful strategy more. Why would one trade an iron fly over the normal call/put fly? Obviously the iron is net credit and...

Hows this fly panning out? Todays action looks good!!

My mistake, for some reason I thought he was only trading fly's.

dude why would he trade condors if the flys work? and there’s many books and other discussions on thus forum about the right conditions to trade different wing spreads. please let’s keep this discussion on butter-fly spreads

this is great analysis right here. you noticed the vol range expanded and volume is being pumped in especially today on a Friday. The August 2019 comment widened my eyes tho. This is a specialty move maybe. We could see a significant range bound market at least. loook at the vol being pumped...

this fly is up to 2.55 very nice!

Mr. Cole said "Volatility is the BROTHER of credit" And volatility regime shifts are driven by the credit cycle. And we all know the cyclicality of how credit and collateral contract and breathe and expand and exhale. Thus collateral, credit, and vol have a much closer relation. Credit...

Starting the journal off with an $SPX 132 iron fly? Subb'd.

Easier said than done, theres no liquidity in the ITM calls, and the reason I verticalized the long call is because I'm looking for a short-term pop in $X so this makes sense, also the strikes I chose are most liquid in this stock $X

The thing is, sometimes I'll buy calls or verticals in options that are relatively liquid, but as spot goes up, the options barely move. Now this is only sometimes, but on those times if I bought spot (which was relatively cheap >$15/share) I would've made out better. Spot has zero theta.

I LLIKE BEAR MAARKETZ CUZ VOL IS PUMPEDUMPED & I USE COLLATERAL TO SELL PREMO ON NASDAXXX