It’s been a quiet couple of months around the site and I’m overdue for an announcement that impacts the future of Theta Trend. As many readers know, I believe there are philosophical parallels between markets and life. As a first person blog, that belief has made its way into my writing and the content of […]
Overview: The video below makes reference to the July 29, 2016 expiration $SPX Broken Wing Butterfly. The trade was started with 85 DTE, scaled into, and then adjusted due to an open profit. The video below talks about a potential Reverse Harvey adjustment for the trade. Ultimately, I opted for a less aggressive adjustment and […]
Overview: Lately it seems like there has been a lot of talk about Broken Wing Butterflies in the options world. There are several popular BWB “income” trades like the Rhino, Road Trip, and Kevlar. Those trades are typical income trades where you’re beginning with some initial structure and then adjusting it based on market movement, […]
Market Stats: Big Picture: One of the truths of markets is that we don’t get to choose the market environment. Investors want markets that go up all the time, traders usually want volatility, and premium sellers want implied volatility higher than realized volatility. Not all of those environments exist simultaneously and diversification helps us manage different environments. […]
Article & Course Content Update 6/3/2016: I recently heard form Ali and he mentioned that there have been some concerns about selling naked options and/or people are hoping to have a credit spread variation of his strategy. He said that in Class Number 2 there will be a rule based credit spread system (to be […]
Overview: Nobody likes getting into a trade only to have market rip against you, but sometimes it happens. Those of you who follow me on Twitter or keep an eye on my results know that I had a touch of unlucky entry timing for the July CIB. The trade was opened with 55 DTE on […]