Watching Franklin Resources (BEN) for a possible bounce off

the lower trendline of the rising channel. In order to avoid time

decay, we are looking at a possible December 110/105 Bull Put Spreads.

The position will sell the 110 put and buy the 115put for downside

protection. The current R/R on the trade is $370 and the reward is

$130, which is 35% ROE in

23 days. The... read more

The split strike butterfly is doing well.  Up pretty decent and theta is working well. 

A couple of things I would like to clarify.  One is the terminology- calling this a split strike butterfly or a condor, or a short strangle with wings is irrelevant.  They are just terms and most positions of monthly premium sellers are just short options with wings for protection against black... read more

Sometimes my trading accounts start to get convoluted to the point where I have a hard time assessing my risk and reward in an overall combination of positions.  One of the great tools on the ThinkOrSwim platform (and many other platforms) is the ability to quickly "Beta Weight" an account against an index or any other underlying asset.  

Here is a snapshot of one of my trading... read more