I watched the presentation but I can't say I got much out of it
If you need commission free trades to make the strategy work i seems like it's not worth the risk
When he was talking about 1000 or more contracts I think he lost half the audience Seems like the brokerage would make more money than the trader
The graph was pretty much useless as it did not represent the reality which he admitted It would have been better if he just posted the initial setup on a blank page where it would have been easier to read
The total contracts that I counted was 160 so it's not clear how he gets yo 1000 or more contracts
After he set up the initial trade he said "as you can see this is the initial 3400" No we can't see because of the low resolution used
Is that $3400 ? 3400 contracts ? Does he have other contracts that are not shown ? He than said "we bring it up to 5800" again not clear what he is talking about but at least he admits that the image is blurry Than he realizes that it was a different position so basically forget what he just explained
Leaving all that aside I tried to reconstruct the strategy with today's prices and the graph looks somewhat like the M3 where there is a sea of death between the long call and the unbalanced iron condor so I suppose if managed properly it would work but it seems ;like there is a lot of time effort and money wasted just to pay for the long call and after that you can make some money
It's not something that I would trade but it gives me some ideas that I may play with
If you need commission free trades to make the strategy work i seems like it's not worth the risk
When he was talking about 1000 or more contracts I think he lost half the audience Seems like the brokerage would make more money than the trader
The graph was pretty much useless as it did not represent the reality which he admitted It would have been better if he just posted the initial setup on a blank page where it would have been easier to read
The total contracts that I counted was 160 so it's not clear how he gets yo 1000 or more contracts
After he set up the initial trade he said "as you can see this is the initial 3400" No we can't see because of the low resolution used
Is that $3400 ? 3400 contracts ? Does he have other contracts that are not shown ? He than said "we bring it up to 5800" again not clear what he is talking about but at least he admits that the image is blurry Than he realizes that it was a different position so basically forget what he just explained
Leaving all that aside I tried to reconstruct the strategy with today's prices and the graph looks somewhat like the M3 where there is a sea of death between the long call and the unbalanced iron condor so I suppose if managed properly it would work but it seems ;like there is a lot of time effort and money wasted just to pay for the long call and after that you can make some money
It's not something that I would trade but it gives me some ideas that I may play with