The Big Sell-Off Today

The Big Sell-Off Today

This is hard to believe. The Traders and I were just talking about the probability/possibility of a selloff this morning over coffee. I made the case that this isn’t a bubble. (I still don’t think it’s a bubble). Then we started the day and the market fell like a rock.

What is an Iron Butterfly?

What is an Iron Butterfly?

Iron Butterfly trades are used for a neutral price outlook with very minimal movement expected over the duration of the trade through expiration. Compared to an Iron Condor, Iron Butterfly trades have higher defined maximum potential profits, though this…