Thanks David & ACS. This is a great forum for beginners. In the past few days I have gained a lot. I have been reading through the forums where different strategies are being discussed. Few things I learnt which is very interesting and opened up a new avenue for me is:
- Iron Condor (even high prob around 10 delta) is great as long as no large movements happen. Adjustments become very difficult as T+0 line is not flat.
- Traders prefer Butterflies mainly because of the distinct characteristics
- Low risk, high profit tents
- Developers combine few delta neutral strategies to keep T+0 as flat as possible
- The high profit tents helps developers to make up profits even with adjustments with cost none or low because of flat T+0
I am going to experiment Butterfly with the Delta neutral strategies that are being used for different variations like M3, Rhino etc. I believe I can learn by subscribing to alerts such as Kevlar. Does any one know that the subscribers of these alerts get explanation from the alert owners on why they are making adjustments so that we can learn? I understand some strategies do not have strict rules. But I just wanted to ensure I learn along the way when adjustments are suggested