Back from France and reloading inventory (trades). Should be at my normal level today.

So if people are interested, the butterfly and broken wing butterfly are some of the best tactics for income trading. I have taken others ideas and tweaked them for shorter term income generation. Typically 14-21 DTE but occasionally longer. Works on just about any ticker but SPX is probably the most efficient. The market determines the initial levels, delta zero on a 1 lot. Below is a screen shot of today’s trade.

I then manage with calendars, diagonals, verticals, or additional butterflies. Take profits around 5-10% which is usually over the weekend or within a week. Rinse and repeat. A significant move in either direction and I re-adjust the legs by moving either the leg or some of the center strikes. Since Oct 2022 it has made $128,153 on max risk of 100k (10-20k risk per account x 6 accounts).

Have to go out 28 DTE today due to low VIX to not have to pay too much for it.