SPX long Dated BWB
\nUse SPX put BWB.
\nEnter 65-75 DTE.
\nExit 15-40 DTE unless forced out earlier.
\nEnter on a flat or down day where volatility is higher.
\nPlace upper long within 5 points of the market.
\nPlace shorts 40 points and lower longs 90 points below upper longs.
\nIdeal entry price is below 100 but can go up to 125.
\nTry to leave the position alone for at least 30 days unless SPX has a large move.
\nIf SPX is more than 30 points above upper longs then start rolling them down one-by-one to raise the expiration line above zero.
\nIf SPX moves to the lower 1\/3 of the tent early in the trade then either exit or buy debit spreads to protect the position. The long of the spread should be at the B\/E point of the expiration graph and the short should be 20-25 points lower.
\nIf SPX moves down later in the trade then exit.<\/p>\n
This originally appeared at http:\/\/forums.capitaldiscussions.com\/threads\/dan-harveys-bwb-road-trip-strategy.348\/ <\/p>\n","protected":false},"excerpt":{"rendered":"