Strategy Overview: In the past few months, I’ve been experimenting with Broken Wing Butterfly trades and this post looks at a couple of closed trades. My interest in the strategy has grown out of what I’ve seen the guys over at Capital Discussions doing with their trades. They have some great traders in their community and […]
Overview: This post tracks the progress of the March 2016 CIB Trade. I’ll be updated the post as the trade progresses with written notes and video. The Greeks in the spreadsheet below will be updated daily. As always, the information is being presented for educational purposes only and this is not a recommendation to take […]
Overview: One of the more common questions I receive is how to display multiple, different positions on the Analyze Tab in ThinkOrSwim. For example, we might have a position in SPX or RUT and want to see what happens if we add a SPY or IWM option. The video below walks through the process of […]
As income traders we’re always evaluating strategies and ways to trade that increase profitability, reduce risk, or are just easier. This post looks at some of the characteristics of Broken Wing Butterflies and how they can be used to construct positions with little directional risk and a potentially wide range of payoff. Normally when we […]
A hammer isn’t the only thing you need to build a house, but it would be pretty hard to build a house without one. Understanding volatility is an essential part of options trading and there are so many ways of describing it that it can feel overwhelming at times. Fortunately, visualizing some of the measures […]
“Most people overestimate what they can accomplish in a year and underestimate what they can achieve in a decade . . .” -Tony Robbins Listen, I know writing a post about goals is about THE most cliche thing you can do at the beginning of a new year. At the same time, it’s important to […]