bam1960

Hey Peter Yes I have been watching it closely. Their are several options but have decided to Add a July1/Aug. 165 calendar and will btc the front montth on the original calendar and open July front month for original 170 calendar. This will give us 165/170 july1/Aug.. Also will pay as little as possible for june 170 and try to get as much credit as possible for july1. This will be simmilar to aaple trade. Also I started with 1/2 position so this will give us a full position.

Yes it looks good could have probably gotten in around 2.85 but it looks like it be OK will probably look for 20 % around 3.60 sometime next week

I entered IBM 170 call calendar long Aug./short June @3.00 yesterday. Earnings on July 20 and there is a dividend in July which is why calls are cheaper. IV is low and thought it was a good risk reward similar to the GOOG trade which I am in also.

Great job Kim, your members appreciate your hard work and dedication.

Looks as though SCTY is petering out today glad I exited yesterday. Hope everyone had a chance to get out.

Exited the 1-week 60 calendar @.35 entered @.26-@.22 to average ~.24 for a 41% gain before commissions. Could reach .45.50 tomorrow but was satisfied with gain but will watch to see where it goes. Thanks Vancouver and Yowster for your contributions

I entered the 1-week 60 call calendar also @.26, seems cheap

I actually had some partial fills of 260 call calendars @2.35 earlier this morning

Yep lesson learned but up til today the 1190 put calendar had held up fairly well to the move but is starting to give it up now. Will probably adjust later this week but want see where it goes.

At time I entered was below mid And yes a better entry would be .4% of stock did not check notes but still I think will be a good trade And only entered 1/2 position

I entered 1/2 position 1190 puts @2.53

OK, thanks

This article seems to argue against our adjustments?

Great interview Kim. It was good to be able to put a voice with the person that I consider a mentor. Thanks Bret

Exited NFLX @4.50 debit for a 10.7% gain could have squeezed some more but decided since long weekend and entered trade on tuesday this week I was satisfied with it. Entered this trade as 435/450/465 Iron butterfly @11.00 credit, rolled to 435/450/470/485 Iron condor for a @5.48 debit that gave me @5.52 credit overall and 1.02 profit. My thinking was that after positive earnings stock spiked up and settled into a range and was comfortable with trade.

It spiked yesterday to 464 so rolled to current position. Stick to plan, another would have been to buy single call option to reduce deltas but decided to roll.

These trades can be very risky and require on the spot management. i would not recommend people do them unless the time to watch them closely. I am not advocating these trades but I do think getting familiar with specific trades and repeating them will help with the outcomes. Personally I am not crazy about the butterfly generally but decided to try it on nflx just to play with it. But essentially so far I think I would have been better off Starting with the Iron Condor(less adjustments) rather than butterfly essentially because of commisions as yowster said with very small allocation. Higher risk means more stress and is probably not for everybody.Besides you don't have to do extra trades to make money, Kim has a great system here and I can vouch for it, I just like to experiment alittle with small positions to see if any of these approaches appeal to me. Plan to stay in trade for 3-4 days at most but like Kim says these flys have very narrow range high maintenance. Just my 2 cents. Bret

Much more comfortable with rut calendars and have done well with them but nflx iron Bfly is a very small position and I am experimenting with it. Kim has a lot of info on past calendars we have done. Probably should move this discussion to iron condor and calendars. By the way I rolled the fly to 435/450/470/ 485 today when it spiked but I said I am keeping it small

Alex I opened nflx 435/450/450/465 fly along with Rut 1200 weekly calendar just something extra I do with SO trades

decided to skip these trades with fed meetings, glad I did. Will wait till markets settle down.

Exited 2080/2090 @1.45 and sold 2110 call @.15credit which for whole trade broke even. Decided to close being too close to strike with gamma risk. I was not sure would be able to watch it tommorow. Will probably do it again Wed.

Ended up closing trade 1170 call calendar @9.00 and the 1200 @8.70 for a 7% gain. Note: I did not intend to exit at this level , I had a GTC on 1170 @ 9.00 and was going to adjust to compensate for 1200 calendar and got taken out before i could adjust which left just the 1200 calendar and market was heading down so took less for a 7% gain. Could have gotten the 10-15% out of this one with better management. Live and Learn.

exited 1940/1930 put spread @.15 debit

Since I started with 1/2 position I opened 1200 call calendar @8.55 giving me a 1170/1200 double calendar

Ditto with Kim and I also have 1/2 of normal position