2014-08-06 VIX Futures Chart Image

The video below reviews my SPX and ES futures options broken wing butterfly trades. The SPX closed flat today. Volatility came out a little so our position P/L improved. The ES position is nearly at a profit! No economic factors today.

Tom compared the OptionVue probability calculator to using the delta to estimate the probability of an option expiring in-the-money.

Enjoy the video!

Join us in the forums to discuss these trades or your own!