Humble

$40/month for steadyoptions members.

Well if you make even 30% on 10k investment its 3k. On 50k investment its 15k. Subsription is currently $550 per year (going up soon) and Tradier around $500/year. Is it worth it? That's for you to decide. But if you expect to make 100% wothout effort then you live in a fantasy world.

The strategy is very commissions consuming, and you better have a cheaper broker, as listed in the strategy description. Why not to open an account with Tradier for $40/month?

The terminology is the opposite. Buy long fly means selling ATM options and buying OTM and ITM options. And you want the underlying NOT to move. buy short fly is the opposite. Its counterintuitive but this is the terminology used.

Put selling is a good strategy, but position sizing is the key. Just don't sell too many contracts. Here is some further reading: Selling Naked Put Options Selling Puts: The Good, The Bad And The Ugly How To Blow Up Your Account The Spectacular Fall Of LJM Preservation And Growth Karen SuperTrader: Myth Or Reality?

He got a nice discount for signing up for the next century. Only $24,500 instead of $124,500. And he can transfer it to his children and grandchildren. But please don't tell anyone...

As with all straddles/strangles, the biggest downside of buying when IV is high is the risk of IV collapse. Of course if you get a big move, the gamma gains will more than offset the vega and theta losses. But if the move is not big enough, and your position is close to expiration, you have negative theta and negative vega working against you. So I would consider it as high risk high reward trade. As for trade management - personally I prefer to close both legs. If you close only the winning side (calls in this case), you are taking directional risk and betting on reversal. The only exception is when there is very little value left in the losing side, so it might not even be worth it to close it.

Please take a look: Trading pre-earnings calendars SO Strategies and Allocation Guidelines

If the stock is below the strike price, the option owner can still exercise American option - it just doesn't make sense to do it. And yes, they can sell it at any time, as we mentioned in the previous posts.

The current price is $89, but it will go to $149 soon. Here is the link: https://cmlviz.com/register/steadyoptions-cml-trademachine-pro/ For me, it has been the best backtesting tool. I would highly recommend it.

A full recording of the members only Trade Machine webinar held on Thursday, October 25th is available at the link below using the password trademachine. Password: trademachine Recording of Trade Machine Webinar.

You can buy to open and sell to close, or sell to open and buy to close any option at any time. If you sell a call option, you need the stock to trade below the strike at expiration to make a profit. or you can close it at any time if the stock cooperates. Your P/L will depend on stock price, volatility and time to expiration.

Could be a bug in their algorithm. You can try to close 6:2 and then close the remaining straddle.

https://www.interactivebrokers.com/en/index.php?f=1199 SPX exchange fees are among the highest.

Those are probably exchange and regulatory fees.

No worries, it will be updated.

Current trades are in SO Open Trades. Did you click on the link?

Not sure what do you mean. We closed 7 trades so far in October. They are all under SteadyOptions Trades forum. Current trades are in SO Open Trades. Performance page is updated.

We do long straddles. Those are defined risk trades. We never do undefined risk strategies.

When you buy the option back (buy to close), you don't really care who is on the other side of the trade. It could be retail trader, it could be hedge fund, or it could be a market maker. If you offer price attractive enough (always use limit orders and start from the mid between the bid and the ask or even slightly lower), you will be filled.

Since your position is short put, to close it you will have to buy back that put.

Things are not black and white. As an option buyer, you have to be right in 3 things: direction of the move, size of the move and timing. AMZN can move to 800, but if it doesn't move fast enough, you might still lose money. It might move even to 900, but it might happen after your options expire. So you were right on direction and size of the move, but not timing. Options sellers have more margin of safety. Generally speaking, options buyers win less times, but their winners might be much bigger. Options sellers have higher winning ratio, but the profit potential is limited. And the biggest problem with options selling is that when you lose you can lose big. One big loss can erase months of gains. It's all about using the right strategy on the right underlying under right conditions.

You can buy it back anytime.

You can sell your options anytime.

How To Select The Best Options Broker