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...