Road Trip Trade

[JerseyJIm]

Gavin over at Optionstradingiq has a post re the Road Trip Trade, also mentions the Boxcar.

I have always found Gavin to be a source of solid information regarding options.

The Road Trip Trade

The Road Trip Trade is the name that Dan Harvey gave to his non-directional broken-wing butterfly options strategy. Because this trade is placed with expirations 70 to 80 days out, there is usually little that needs

optionstradingiq.com

 

[status1]

"However, those specs were for the market in 2016, where SPX is trading at 2150.
Today in 2022, the SPX is trading at 3590 — clearly a bit different." Maybe a little typo should be 3950

Those were the good old days
Not sure if I would go on a trip with the RTT these days with 1-2% daily moves
Not only the wings have to be wider but even so he had to make an adjustment the first day after placing the trade also depending on where you stay the internet connection may not be reliable unless you use your own cell phone data
One fed announcement during the day could wipe out all the theta gained if any up to that point

 

[JerseyJIm]

"However, those specs were for the market in 2016, where SPX is trading at 2150.
Today in 2022, the SPX is trading at 3590 — clearly a bit different." Maybe a little typo should be 3950

Those were the good old days
Not sure if I would go on a trip with the RTT these days with 1-2% daily moves
Not only the wings have to be wider but even so he had to make an adjustment the first day after placing the trade also depending on where you stay the internet connection may not be reliable unless you use your own cell phone data
One fed announcement during the day could wipe out all the theta gained if any up to that point

Personally, I have never done a Road Trip trade, but found it interesting that other sites sort of copy things and market/analyze them. Will be interesting to see is he does a piece on the Boxcar.