About this template
OptionAlpha super community I wanted to make a self adjusting IronFly and with a little intraday directional logic on the short strike choice and tighten the strikes throughout the day. The basic premise being:
9:45-11:30 Flies are 6.00 wide
11:30-2:00 Flies are 5.00 wide
2:00-3:30 Flies are 4.00 wide
If a fly moves bullish OTM greater than 1.00 then sell another fly with the short strike .50 or greater than current
Reverse if if bearish
If a fly moves 2.00 from the short strike sell that fly
Profit 25%
StopLoss 45%
Expiration 30 min
Trail 15/8
It sucked wind hard on the massive moves on 8/24 and 8/29 but has done well the past couple days. Let's see how he averages out.
