All That Advice Not To Panic Never Makes Any Sense

Adam Warner over at Daily Options Report provides an excellent lesson in using options. Earlier he had constructed two theoretical positions: one, a short strangle on SPY and trades SPY aggressively, shorting into weakness and purchasing into strength; and two, the opposite where trader seemingly overpays for a strangle with the high volatility and flips SPY aggressively to overcome decay and to pay for his initial position. Now, four days later, guess which trader is ahead? Go over to Adam's site to read his complete article.