“The Texas Ranger could ride like a Mexican, trail like an Indian, shoot like a Tennessean, and fight like the devil.” – A Texas historian “One riot, one ranger.” – Captain Bill MacDonald, Texas Ranger I just got back from driving around west Texas. If you have never been to that part of the world, […]
Written blog post
Size Matters
I sleep well at night. No, this isn’t a non-sequitur; it actually is relevant to my trading. Bear with me while I get to the point in my customary roundabout way… I recently had the misfortune to have to change doctors. My first encounter with my new doctor started with him asking whether I traded […]
How Implied Volatility Shifts Affect Butterflies
Written and contributed by Kevin Lee, Successful Options Trader of the Month December 2015 1. How to benefit from the butterfly price table? – I use it to help my entry and exit. After you have done this enough time, you will roughly know what butterfly should cost for similar implied volatility (IV) and days […]
The M3 vs the Road Trip Trade
The Road Trip Trade (RTT) is essentially a Broken Wing Butterfly (BWB) with a no roll risk off adjustment strategy. This strategy is a part of M3 concept, therefore, it makes it hard to “compare”. So I’ll discuss some common differences in the common understanding of each trade. The M3 is a synthetic BWB strategy […]
To Trade, or Not to Trade…
…that is the question. Whether ‘tis nobler in the mind to suffer the slings and arrows of outrageous fortune or to take arms against a sea of troubles… Actually, Shakespeare could very well have been writing about trading while on vacation. (FYI, there is no evidence to the contrary.) It seems like no matter what […]
Trading Enough, And Time…
I recently had the honor of being selected as Trader of the Month (got The Hat!) and was asked a really excellent question at the end of the webinar. Alas, my response was mediocre. Happily, I have this opportunity to expand upon my thoughts and hopefully redeem myself. The question was how did I define […]