Options Strategy

The iron butterfly setup: when your tools can’t keep up You’ve been watching this stock for two weeks. It’s pinned between support and resistance like it’s bolted to the floor. Implied volatility is elevated. The premiums are fat. You pull up the options chain and start building an iron butterfly. Sell the ATM straddle, buy […]

You modeled the perfect jade lizard. Then the market moved between clicks. One fill slipped, the credit condition broke, and the defined-risk trade in your head became a different position entirely. This is the hidden execution problem with multi-leg premium selling — and why advanced strategies need more than a one-leg workflow.

The setup was on point. The execution wasn’t. The chart’s clean. Support held twice at $147. IV percentile is sitting at 42, rich enough to sell premium. You’ve got a bullish thesis on this name, and the 30-delta put is paying $1.80 with 38 days to expiration. You click to sell the put. Fill confirmed. […]

You’re running the covered call playbook. You’ve read the thesis. You know the math. You sell calls against long stock, collect premium every cycle, reduce your cost basis, and compound the yield over time. It can work. But there’s a problem. You’re looking at a stock trading at $420 a share and the capital requirement […]

The IV term structure is telling you something. Overall implied volatility is sitting in the lower third of its 52-week range, but front-month IV is running several points above the second month on your target ticker. The stock has been grinding higher on steady volume, approaching a strike that fits your directional thesis. You know […]

You’ve done the work. You’ve identified a stock you want to own. You know the sector. You know the fundamentals. You’ve drawn the support levels on the chart and you know exactly where you’d pull the trigger on a buy. But you’re not buying at the market price. You’re smarter than that. You want to […]