News headlines are red-hot with storms and North Korea, but now is not the time to panic according to the wave counts. We put a new SPX put butterfly to work and the butterfly in TSLA is kicking into gear.
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Hi Todd:
I am on a trial membership and I find your commentaries very useful and educational. However, as I have a very small account (below 10K), I find that your butterfly trade alerts require too much margin for my account. Would you recommend I decrease the wing spreads to say $5 or $10 width, to reduce the margin required? Or should I try buying put/call debit spreads instead? (I am also not comfortable with credit spreads because I have been burned before and don’t feel that the profit is worth the risk/margin involved).
It would be helpful if you could include some lower margin alternatives in your alerts to help smaller account holders like myself.
Thanks, and enjoy your trip to Greece.
Kenneth Wong
kenwong3668@yahoo.com
Todd, you must be having a really good time in Greece! Too much Ouzo? LOL, just letting you know we miss you.