May 30, 2008After reading about Tony Saliba in Market Wizards a decade ago, he became one of my heroes so to speak, because he spelled out how he may trades. If my memory serves me right, it was all-butterflies all-the-time, with way out of the money puts and calls as insurance in case of an “explosive move.” […]
Popularity: 33% [?]
Posted in Trading Rules, Butterflies, Book Reviews 
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May 12, 2008Dan Sherican just came out with a new webcast on the OIC website. The webcast has “iron butterly” in the title, but all the examples are traditional call debit butterflies. He does say that there is essentially no difference betwrrn them. Here are the rules:
30 days until expiration
Profit target is 12-15% in 14 days
Max loss […]
Popularity: 37% [?]
Posted in Dan Sheridan, Trading Rules, Butterflies 1 Comment »
April 30, 2008On the CBOE website a very interesting webcast popped up, “Options Strategy Series Part II: Butterfly Spreads featuring Steve Papale” by Steve Papale. (You can find it at the OIC website, click “Guest/Faculty Archives.” It covers butterflies, including something I never thought about - because of the volatility skew, butterflies on indexes and equities actually always […]
Popularity: 15% [?]
Posted in Videos, Trading Rules, Butterflies No Comments »
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