SPX 2dte makes another appearance

STO SPX Mar6 BeCS 2820/2825 @ .30 x4
BTC SPX Mar6 BuPS 2740/2735 @ .05 x4. Sold @ .30. Profit $100
STO SPX Mar6 BeCS 2820/2825 @ .25 x4
STO SPX Mar6 BuPS 2760/2755 @ .25×4
Full position on for this round.

I was planning to pause on the ICs due to low vol. Then the low vol went poof. Also, you could say that @hcgdavis made me do it.:-)

#jadelizards, #lizardpies, #pietrades, #spikedjadelizard, #spycraft


#Earnings tomorrow…

Let me throw this one out there for a possibility. This trade may have a name but I’m not sure…LOL Sell straddle and buy uneven wings with no upside risk and breakeven at the expected move to the downside.

Sell 80 strike straddle and buy 82 call and 75 put @ 2.00 credit. Makes money above 78 (the recent low). If the stock drops to 5 bucks I still get it at a basis of 8.


#brokenwingironbutterfly, #spikedjadelizard, #unbalancedbrokenwingironbutterfly