iron butterfly

SPX IV a Touch Troubling

Posted by msebastian on Tue, 01/17/2012 - 6:13pm
Don't forget to register for tomorrow's webinar.  You can do it here. I have been saying for some time that I thought we were going to touch 1300.  Now that we have, where are we going from here?  I'll be honest, I am on the fence.  There are a few things coming out of option prices that make me bullish: 1.  VIX futures are in a somewhat heavy contango 2.  Market momentum 3.  The way the SPX has shrugged off bad news on Friday Then there are a few things that I really don’t like.  Maybe they are more of a long term.  Maybe they are short term.   1.  Today's turnaround was as bearish as Friday's turnaround was bullish

Replay: Today's Free Webinar on Butterfly Adjusting

Posted by msebastian on Wed, 05/18/2011 - 8:02pm
You can watch Mark explain how to pick the right adjustment for a butterfly right here:

I officially do not hate Butterflies

Posted by msebastian on Wed, 07/21/2010 - 3:05pm
The market ping pong continues.  The SPX and SPY have no conviction in either direction.  I expect short term IV to rally because we are nearing the top of the SPX range of about 1100.

How do Butterfly Trades Look Right Now?

Posted by msebastian on Mon, 07/19/2010 - 8:51pm
The SPX straddle has been oscillating around the current price f