One of the best ways to manage a broken wing butterfly is using the delta. It is actually pretty simple. Set a specific return in mind, for a BWB I would be shooting for at least 50%.
I have been reading several threads from Optionetics discussing BWB's (Broken Wing Butterflies). They act as if they are one of most "powerful" strategies.
I’m getting sick of being so right all the time. I would not be shocked if we break through 30 today. The next step would be 25 and then on to 19 from there. How would I approach this period?
Well….it seems like the easy gains are over. I don’t think that we are heading into an extended downturn or retracement but I do think we are done with this vicious boom upwards.
A few weeks ago talking to a student. She was telling me that there was no way that market could go up because the charts and the tech analysis said that we are running into a top.
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