How to Structure a High-Reward Butterfly Trade Using ATR Ranges Structuring a butterfly spread isn’t just about choosing strikes that “look good” — it’s about precision. I use ATR — average true range — to define exactly where my breakevens need to be. read more
Why Smart Traders Sell Into the Earnings Pop — Not After By the time the news hits, the move is mostly done. Implied volatility starts to collapse and the premiums on your options bleed out fast. read more