April 2020

I forgot to screenshot the stats for the month. I took a drawdown of around $3000 in my account. I was testing new scalping the /ES strategies that were not working out for me. The cost of learning.

Earnings Plays

Note: The updated strategy is found here. I am no longer testing this. It appears to be working at this time while the overall market is at such high volatility. I do not feel like adding any more entries into my database. The year is 2020, the market has crashed, Read more…

Long Butterfly Spread

Neutral Outlook & High Volatility Directional Assumption:  Neutral Setup: This spread is typically created using a ratio of 1-2-1 (1 ITM option, 2 ATM options, 1 OTM option).– Buy Call/Put (above short strike)– Sell 2 Calls/Puts– Buy Call/Put (below short strike) A long butterfly spread is a neutral position that’s Read more…