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Thread: My Bread and Butter Trade

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  1. #11
    Join Date
    Jan 1970
    Location
    New York, NY
    Posts
    191

    June 9th - 6 trading days and 8 calendar days

    Yesterday we changed the butterfly into a calendar. A calendar is a lazy man's trade. It doesn't need much attention intra-day. If anyone is interested in trading more with options, I would really recommend starting with calendars. With a proper selection of the underlying and a correct execution, its is relatively easy to bank 10-15% on capital @ risk over a 30-60 day period. In the future I am happy to go more in depth.

    During the day I had an order to enter a new fly 750/800/850. I had priced my order sharply, so in the end no-takers, which is okay. I have a couple of days to see how the market develops.

    See my current P/L graph below.
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