fuzzballl 11:15 am on Wednesday, October 26, 2016

TSLA earnings

Looking at iron flies. Maybe 7.5 wide on 11 dollar expected move?

thomberg1201 11:35 am on Wednesday, October 26, 2016

I don’t have official statistics, but it looks to be a bigger mover than that.
- fuzzballl 11:50 am on Wednesday, October 26, 2016
  
  True but it seems like these iron flies are much lower max loss if they are set a little below expected move. Guess it just depends on your risk tolerance. I tend to go lower risk along with slightly lower probability of a winner. One of my best ever was AMZN last time around betting on a lower than expected move. Definitely gonna try that again this time. I like to keep the risk/reward around 4 to 1 on an iron fly.
  - thomberg1201 12:14 pm on Wednesday, October 26, 2016
    
    That’s an interesting strategy. Ryan at TT has an iron fly similar to what you are describing, looks like a 4-1 risk/reward. I’m reconsidering-thanks
    - fuzzballl 12:16 pm on Wednesday, October 26, 2016
      
      Didn’t see Ryan’s but also considering 10 wide…
      - fuzzballl 12:18 pm on Wednesday, October 26, 2016
        
        I’m in with 192.5/200.0/207.5 @ 6.15 risking 135 to make 615
        
        thomberg1201 12:23 pm on Wednesday, October 26, 2016
        
        His is 195/202.5/210, pretty similar numbers, trying to get filled…
        
        Bobbie 12:56 pm on Wednesday, October 26, 2016
        
        followed this one also.
        
        Jeff 1:09 pm on Wednesday, October 26, 2016
        
        Looking good so far!
thomberg1201 2:06 pm on Wednesday, October 26, 2016

Got fills with the iron fly and a traditional IC 170/180/220/230

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