The video below reviews my SPX and ES futures options broken wing butterfly trades. I was filled on a put debit spread on the ES futures options after the regular market was closed. I'll update the trade with the new charts in the forums.
Enjoy the video!
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Tom, I really appreciate you taking the time to share your trade and I especially want to acknowledge today your VIX, Futures, and S&P chart at the top. I find this very helpful to bring context to the trade.
Thanks Ray! I saw Jim’s chart at TOS and built one for myself in IB’s trader workstation. It’s easy to build one and it’s nice to have during the day to monitor what’s going on. For instance, I see today that the VIX is up from the open around 12.60 to the current level of 13.70, but the futures have just bumped up a little. The OCT VX futures have moved from 14.50 at the open to about 14.70 now for example.