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On SPY has given me peace of mind.

Most options educators stop at the entry, and when a trade goes wrong, you're left alone with the hardest decision in trading. I haven't seen anyone fix losing trades in public, with real money, before the outcome is known. We're going to. I've been promising you a fully public options portfolio, and many of you voted on the details in our surveys. Phase one, the Ugly Trades Public Portfolio, is almost ready, and it's a real tastytrade account where I fix difficult positions in the open. Everything I know goes into it I'll use every repair trick I have, including the ones I rely on in the audited hedge fund I co-manage in Luxembourg. You'll see me roll, hedge, reshape each position, and hear why I chose that move. Almost every short-volatility position can be brought back to break-even if you follow the rules in the OptionsJive Trading Plan. Ugly Trades is where you watch that happen live, with real money. In December, I published 4 ways to repair a breached SLV ratio spread. This month, oil ran through the short calls in my USO call ratio, and the follow-up has 11 advanced techniques. In Ugly Trades, you see decisions like these made in the live account, before anyone knows how they end. At selected decision points, I'll post the position and my choices before I make my move. You can tell me what you'd do, then I act and explain why. When a position can't be saved, I'll take the loss, and you'll see that too. My ambition is to make this the most valuable learning experience we've built at OptionsJive. It starts with your trades Every major article and official trade idea stays on Patreon, that will never change. The Discord is a bonus on top of it, a place to talk through the trades in more depth and get to know the other traders in the group. Go to #ugly-trades in our new Discord and post the most difficult position you have, tell us how it got there and where it stands now. I'll pick the most challenging cases that still fit the portfolio's risk limits and open the same structure in my account at today's prices. That gives us a real position to manage and an honest record of whether each repair helped.

I sold a Big Lizard in DRAM this morning, and no matter how high it goes, I still get paid. DRAM went zero to $10B in 7 weeks, a pace only the biggest Bitcoin and gold launches have matched. I went through the holdings file: 3 companies are 70% of this memory chip fund, and it's paying 74.6% implied volatility. Almost nobody trades a Big Lizard. Full trade structure in today's article

Just started the 14 day free trial. There's a lot of strategies that it screens to find a trade that meets your criteria. The details are impressive.