A couple more questions:
1. It sounds like he's saying, "The T + zero line." Am I hearing him right. What is that.
2. What trading platform is he using to generate his charts. TradeStation? OptionVue?
3. Am I correct in assuming the trade starts out as a straightforward Put (or call) Butterfly spread? (He seemed to prefer doing these trades with puts for various reasons.) [Sell two at the money puts and buy two puts one in the money and one out of the money equal distances from the at the money strike.]
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