I will enter the trade on Friday prior to the next Friday’s expiration. I will open a short Strangle that will be around 90% or better probability of profit. This is around 2 standard deviations. The credit will be less, but theoretically, the trade-off is less risky. Look for the Read more…
No Longer trading this as one bad trade wiped out the month’s profit. I will enter the trade on Friday prior to the next Friday’s expiration. I will open a short Strangle that will be around 90% or better probability of profit. This is around 2 standard deviations. The credit Read more…
I will enter the trade on Friday prior to the next Friday’s expiration. I will open a short Strangle that will be around 90% or better probability of profit. This is around 2 standard deviations. The credit will be less, but theoretically, the trade-off is less risky. Look for the Read more…
I will put these trades on ideally between 9:30 and 9:45 when the market opens.
STUDY CLOSED – Winner Winner Chicken Dinner This is a study trading SPX Put or Call Vertical Spread with the short leg at delta 5 and the long leg 50 points further out as outlined in this strategy.