Options trading with a system beats options trading with opinions. Two former floor traders put on the same mechanical SPX trades every single week, a five-day jade lizard and a 45-day iron condor and walk through every decision live.
The jade lizard from Friday hit its 25% GTC target Monday morning. A new four-day is going on today because there's no five-day available. The 45-day iron condor gets rebuilt with a $20 wide structure collecting around $7. The goal is simple: always have one on, take it off at 25% or 50%, keep the same amount at risk every cycle. Two trades, one system, run live every week.
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00:00 SPX Jade Lizard GTC Hit Monday Morning at 25%
00:21 Putting on a New Four-Day Jade Lizard - No Five-Day Available
01:15 Jade Lizard Structu...