Good to know! Could you help me set up a butter fly to benefit from up side potential? Would i do the inverse of what we did on the spy position? Sell 1 buy 2 sell 1 - calls. Not sure what prices I would need to set at for the pnl curve tho. Or should I say screw it all together and just pick up some 650 OTM November calls?
When you say "moving averages"..do you mean the Moving average convergence divergence of the Pumpers and bashers. That formula is very complex.
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