Aeromir
The video below reviews my SPX and ES futures options broken wing butterfly trades. The GDP and FOMC announcement moved the markets twice today. Both times up initially, then a pull back. The SPX …
Continue Reading about Tom’s Trading Update for July 30, 2014 →
About thirteen years ago, as I was approaching retirement from the U.S. Air Force, I knew I would have more time to devote to trading. I have a friend in Australia with two PhDs who built his own …
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 …
Continue Reading about Tom’s Trading Update for July 29, 2014 →
Time for a new trade in SPX. Another broken wing butterfly trade expiring on Aug 23rd with 33 days to expiration. The ten lot of puts are at 1945/1920/1860. The 1920's were about a -19 true delta (in …
Continue Reading about SPX Aug 23 (W4) Broken Wing Butterfly →
Jim Riggio and I reviewed last week's market action. We had the big drop on Thursday after the MH17 was shot down. We reviewed two trades that we put on: - I had an interesting trade in the ES futures …
I took my SPX broken wing butterfly into expiration tomorrow morning. SPX closed 8.24 points above my upper long put so an opening print of -10 to -30 would be the ideal price. ES futures have been …
Continue Reading about Tom’s Trading Update for July 17, 2014 →
One of the reasons I like option trading is you can be so creative. Buying a stock or future is one of two lines: sloping up at 45 degrees or sloping down and -45 degrees. That's it. With options, we …
I recently wrote a primer on option synthetics. To continue the discussion on option synthetics, I talked to Seth Freudberg at SMB Training about presenting for the Options Tribe about Option …
Continue Reading about What you don’t know about options synthetics CAN hurt you →
My wife and I have suddenly become addicted to My Kitchen Rules and MasterChef Australia. Naturally, this has us constantly thinking about the cooking world and perhaps visiting Australia to partake …
