tag:blogger.com,1999:blog-4049167043965640947.post5068369596177755487..comments2022-06-05T13:28:32.605-07:00Comments on Option Trading: 3/8 Daily SummaryGustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4049167043965640947.post-3029084445525421362011-03-09T20:23:55.943-08:002011-03-09T20:23:55.943-08:00Hi there, welcome on-board, this is a great journe...Hi there, welcome on-board, this is a great journey to say the least!<br /><br />Both refer to moving your short strikes away from danger. With a cut and roll, I use a debit spread to close the short spread and use a credit spread to re-open further out (sometimes do as a condor order), the butterfly row does the same, except I use a butterfly to buy back the shorts and re-sell them at the same point the previous longs were.<br /><br />This is easier once you watch a few videos on Sheridan Mentoring.. Just search for butterfly roll or cut and roll and you'll find videos. I suggest looking at Dan Harvey's videos.<br /><br />take care!<br />GustavoGustavo's Tradeshttps://www.blogger.com/profile/10318651374855413975noreply@blogger.comtag:blogger.com,1999:blog-4049167043965640947.post-57522615675041710322011-03-09T16:46:14.276-08:002011-03-09T16:46:14.276-08:00Gustavo,
Thanks for your posts! I'm more of ...Gustavo,<br /><br />Thanks for your posts! I'm more of a beginner at options trading, and I just signed up for Sheridan Mentoring and hope to learn a lot and make lots of $$$ :)<br /><br />Can you explain the difference between a butterfly roll and a "cut and roll" for this beginner? Thanks!potentcocktailhttps://www.blogger.com/profile/01080524813253146815noreply@blogger.com