TVC:SPX   S&P 500 Index
I had a beautiful explanation written here and it was lost. It was about considering how to make income in a stagnant market. Become a seller and write options. This shows a previous strategy that could have been used in the last few days to generate income on your portfolio with a butterfly or iron condor.

A future chart will describe this technique in depth. Until then, set your stop loss accordingly. Don't forget to insure or hedge your position. Trade smart, gain smart.
i had the 60-55-50 and got shook out with the sharp moves up. i did not expect another inside day.... very hard to hold positions with these kind of moves.
@Reekardo, trick is to make wider wings. you want to profit in any part of the zone. the closer your needle nose accuracy, the better gain. but the point isn't to walk away with $MAX, its to walk away $positive. I will go into detail in a future post
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