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I disagree with the part of this statement that you can't wait when exiting a trade. I don't carry my trades anywhere near expiration, and I will lay my exit orders out as GTC's and sometimes let them sit for days until I get the price I want. The AWESOME thing about these fly's is that unless...

Antonio - yes, we will be covering Butterfly trading in lower IV markets and almost any trade I make can be sized down - but to allow for some flexibility in adjustments - you should at least have on 2 fly's and that could use $5 - $10k in Buying Power. If you need to be smaller yet, you could...

I watch the Bid/Ask bounce around for a few mins and Yes, It can bounce fairly broadly as this is a BIG index. Right now I am watching the bid ask bounce from a $.10 debit to $1.80 debit, so I have entered my price at $.25 debit and if I don't get filled before the last 15 mins of the day, I...

I filled it in two separate B-fly orders. I just put out a reasonable price and wait for a fill, I won't chase it. In my technical analysis of the market (which I will get into in my class), I believe we are in an SPX resistance area again, so I am not really in a rush to adjust it at this point.

Good questions Marcas and YES, If I were totally playing off of the IV (ICV was a typo) around the SOU message - yes, I would go shorter term for sure, but I really don't like anything less than 14 days personally. And YES, this is in an IRA and is designed in part to hedge future down moves...

In this elevated ICV environment, I built out this longer term position today. It is a larger position and if you wanted, you could trade along in paper. It is my trade #1741 in case you want to reference it in the future. Note that it is a "split" butterfly in order to make it as flat as...

Nice paycheck for the month of Feb!

Marcas - great summary above and YES, I do plan to get into the "Anatomy" of a butterfly - and while it will certainly be review for some, I think it is necessary so that everyone is working from the same starting knowledge.

Serg - I have had so many request on this that I will soon be launching a class and alert service on Aeiromir, so be on the looking for the launch session in the next 2 weeks. I also do one on one coaching. I might also suggest checking out this FB group...

As we were breaking to new lows today, I decided to modify this fly to flatten the Deltas a little bet and doubling the Theta in the process (a Win/Win). I also rolled my long call down a little product against a BIG bounce. This is looking really good with this much P&L in only 9 days!

This is just one small window from it, but the monitor is a 49" Samsung and YES pretty happy with it.

Also nice to have all of my Butterflies kicking in on the P&L today:

I LOVE this market!!!! I just opened this further out Fly (70 days) for the end of April with the first tranche being a 60/50 fly for a $1.75 CR and then overlayed a 50/50 fly that I paid $1.90 for just to flatten the deltas even further in case we get bad Russia news over the weekend. $10k in...

Watch this brief video for my thoughts: https://www.loom.com/share/67cd527bb7694beea3693022ab8aae00

Thank you and I have been running ONE on my Intel based Mac on Parallels for years but I moved to the new M1 Mac and when I install Parallels it has to use the ARM version of windows which apparently ONE won't support and they don't seem very interested in helping thus far either. If anyone...

I am interested in moving to windows 11 and wanted to know if anyone is currently running ONE on Windows 11?

Thanks status 1 - right now I am just leaning toward using John Locke's TOS tracking method.