Any other vertical spread or butterfly traders out there? My bread-n-butter option trades have been iron condors and broken wing butterflies mostly on the cash settled Russell 2000 (RUT). I dabble in vertical spreads in the SPX, OIH, & XLE and other liquid indexes and stocks. I am almost always negative delta and negative gamma and open most trades for a credit.
I'd love to kick around ideas with others that are currently doing or wanting to learn the same.
As an example I currently have open a Sept RUT (710p/720p/830c/840c) Iron Condor and an Oct RUT (840c/850c/870) skip strike butterfly.
-Edge
I'd love to kick around ideas with others that are currently doing or wanting to learn the same.
As an example I currently have open a Sept RUT (710p/720p/830c/840c) Iron Condor and an Oct RUT (840c/850c/870) skip strike butterfly.
-Edge
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