https://optionstrat.com/Oqr3bGsvWs8m Flyagonal = Diagonal Put spread + Calendar call Broken wing Max loss : $30 only, imagine the profit in Table

with everything happening globally, uncertainty is high. when uncertainty rises, volatility follows. QQQ already is correction phase. SPY is kissing death. I've advised my team to stay 90% cash until volatility decreases. The game is not about making money. It's about surviving right now.

Hi, I just finished modeling the SPY Volga surface into the close (see attached). Now imagine this: you sold the OTM strangles, you stress-tested a 5-point volatility move, looked at the potential drawdown, and you accepted it. Then the spike actually hit, and you lost double. Why? Because your platform lied to you! Most retail brokers show you a static snapshot of your exposure RIGHT NOW. They don't show you what happens to that exposure when IV moves from 15 to 25. The reality is Vega isn't a constant. When volatility rips, the entire surface reprices, your short Vega becomes significantly more negative exactly when you need it to shrink. That's Volga (also known as Vomma). Think about it: if Delta has Gamma, Vega has Volga. It's the second-order Greek that measures how your Vega changes as volatility moves. If you're short the wings, you are Short Volga. My rule: don't size off today's Vega. Ask: What is my Vega if IV jumps 20-30 points? If you haven't modeled that, you don't know your true position size!

Drop the ticker and I’ll give you the Gextron levels and my thoughts on it

There’s a ticker I like so much for the next 6-12 months Shares alone looks great! I will share it with you next week. I gotta get confirmation before I recommend it. What ticker do you like that has this type of potential?