Is Your Trade As Safe As You Think It Is?

Is Your Trade As Safe As You Think It Is?

One measure of risk that is common for option traders is to use standard deviations of movement. I built a popular Standard deviation calculator to calculate the range of movement for a given set of numbers. It was accessed nearly 500 times in the past week! An option...
Loving the M3

Loving the M3

This article originally appeared at Locke In Your Success. I remember back in the day when I was learning “income trading”. I used to trade the “not so” mighty iron condor strategies. Yes, the very same strategies that have regained popularity in the low volatility...

Jun 28 SPX Broken Wing Butterfly

I put an SPX Jun 28 Broken Wing Butterfly (BWB) on yesterday. They seem to be what many of my option trading friends are trading these days. With volatility at historic lows, trading Iron Condors, Weirdors and Jeeps is very difficult because the premium is so low. The...

The Jeep Trade

Jim Riggio presented the Jeep trade at the Options Tribe this week. Here is the replay of the meeting: You can download the slides at http://cdurl.us/slides Jim Riggio created the Jeep are a modification to Dan Harvey's Weirdor. The Weirdor and Jeep are asymmetric...