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Aren't you glad you didn't?

What is that? I am only familiar with BWB as a variant to the std fly..

AWESOME! I am part of the 1%.. WOO HOO!!!

<---- Only been on here for a week or so? See joined date. LOL

The webinar was broadcast more than three weeks ago. ;)

His strategy was to open Thursday. However, we had jobs report coming so waited until Friday to open. He recommended closing Friday also or hold over the weekend but to get out no later than Tuesday morning before time decay acceleration. Not the ideal time to do these since this week has...

Did three trades using what he talked about. None of them went into the green. However, this is a pretty low risk/low reward strategy.

Nah. He was only discussing ratio trades, strangles/straddles. Nothing else. e.g. he would've bought long straddle in the a.m., sell at a cross then near the end of the day sell a short straddle. etc etc. but according to that last link, he's moved on to week before fly's etc.

Difficult. Hence, my semi-sarcastic post. You'll have better luck going the options route.

My other post didn't show up or it's a hiccup. But, I posted that Jeff does show when he used to do long straddles/strangles and short ones in his books.

Thanks for the link. Good stuff.

Please note that in his books. He does show when it is appropriate to buy long strangles/straddles and when to sell straddles/strangles. That being said, he doesn't seem to use them that much anymore since the option market has changed since he wrote those.

If you bought UVXY yesterday or before. You are down over 25%. Get out. Use VIX (Futures) or just Buy/Short SPY (calls or puts if options)

Makes sense. I've personally never rolled IC's. Maybe added a back ratio to below the short call strike and above the long call to try to lessen the hurt. But, usually when it seems to late, it's too late...

In theory shorting every 2x and 3x ETF would be amazing.

When you say that you are going to adjust at 16 deltas. Does that mean you are buying back that side of the spread and selling a spread at 10 deltas (or whatever your initial point was)?