Maria does the Maria Shoe Trade daily to pay for her shoes

You may want to try this new trade: The Little Bat - Buff Butler trade is based on Nick and Mike's #1 recommended trade. It is a naked put way out of the money on the S&P. Maria sells a 6 delta naked put in /ES 120 DTE and closes it at 40% profit. Normally they take 30 days to achieve this profit level. Just sell the naked put, then place a closing order to buy it back at 40% profit and head out to the beach to go surfing for 30 days!!! She has been doing it a lot this year and is making a ton of money. If market goes down to the put strike price just “roll it down and out” can go on any day, anytime regardless of IV and you just set a GTC closing order for 40%. Set it and forget it. 

Maria loves shoes.  Some would say Maria has a shoe addiction.  In January, 2023 Rob started watching Tastylive.com and their YouTube channel.  In Feb, 2023 Rob started trading the way Tasty suggested and was doing good.  In June 2023 Maria had overheard the videos and  seen the results, so she started trading for the sole (pun intended) purpose of paying for her shoe addiction.  She focused on the math formulas Tasty's mathematicians explained in the "Market Measures" segments on tastylive.com and came up with the Maria Shoe Trade based on that information.  

Maria loves shoes.  Some would say Maria has a shoe addiction.  In January, 2023 Rob started watching Tastylive.com and their YouTube channel.  In Feb, 2023 Rob started trading the way Tasty suggested and was doing good.  In June 2023 Maria had overheard the videos and  seen the results, so she started trading for the sole (pun intended) purpose of paying for her shoe addiction.  She focused on the math formulas Tasty's mathematicians explained in the "Market Measures" segments on tastylive.com and came up with the Maria Shoe Trade based on that information.  

The Maria Shoe Trade averages a profit of about $111 per day since June 7, 2023 using about $750 in daily buying power.  Your results may differ depending on many factors, but we like the results we have achieved.  She photos of shoes on this website to see some of the shoes Maria has purchased as a result of the Maria Shoe Trade.

MARIA SHOE TRADE 0 DTE SPX iron fly ATM w/$20 wings on 10 am off @ up 25% or 2:30 whichever comes first. If max loss @ 2:30 then only close untested side and see if you can get the tested side to come back some so you can reduce your loss before market close.  If you do not know what all of these terms mean look below for a detailed explanation of the step-by-step way to put on this trade.  Do not do this trade until you understand the risks of trading options.  We recommend that you watch the tastylive videos on YouTube that explain how to trade options before you do any options trades.

The Maria Shoe Trade is a 0 DTE trade in SPX.  You open this trade around 30 minutes after the market opens and you close it about 90 minutes before the market closes. It is an Iron Fly so you sell a Put ATM (at the money) and you sell a Call ATM (so both the Put and the Call have the same strike price).  Then you BUY a Put that is $20 less than the ATM and you BUY a Call that is $20 more than the ATM.  You should get a credit of about $12.00 to $16.00.  You then set a closing order to BUY back the ATM Put & Call and to SELL the $20 OTM Put & Call.  Set the closing order for 75% of the credit you got when you opened the trade.  That way you make 25%.  If you do not make 25% by 90 minutes before the market closes, then just close the entire position regardless of whether or not you have a profit or a loss.  See an example below.

Assume the market opens and SPX is trading at 5000.  We do nothing for the first 30 minutes the market is open.  After 30 minutes SPX is trading at 5025.  You can put the Maria Shoe Trade on at any price, but we like to wait until 30 minutes after market open to get started.  We put on the Maria Shoe Trade by SELLING a Put at 5025 and SELLING a Call at 5025. These are called the GUTS. Then we BUY a PUT that is $20 under 5025 so it would be 5005 and we BUY a Call that is $20 more than 5025 so that is 5045. (these are called the WINGS)  Suppose we get a credit of $14,00.  We then set a GTC (Good To Cancel Order) to close the entire position for 75% of the $14,00 credit we received so in this case it would be for $10.50. If it closes on its own we make $350 (14.00 - 10.50 = 3.50 times 100 = $350). If it has not closed by 90 min before market close then close the entire position regardless of  whether or not you have a profit or a loss.

We are Rob and Maria from Daytona Beach.  We are new retail options traders with little experience, no training, no knowledge, no advice and no brains. This is a free website we created because people keep asking us what is our most profitable trade, where do we trade and how do we do it.  We do not charge any fees and we do not make any investment recommendations or advice.  We just tell you some of our results.  You need to decide for yourself what investments you should or should not make.  Our Lawyers want us to remind you not to follow anything we say or do because we are dummies.

As in many parts of life, bigger is not always better if you know how to use it.  Likewise the Maria Shoe Trade does not require a lot of money to do, but you have to be careful how you use it.  You will only need about $750 buying power to do the Maria Shoe Trade at tastytrade.com  Other brokers may require more.  But you might lose on this trade 10 or more days in a row.  If you lose $600-$700 a day and have a bad run you will need an account big enough to handle these losses.  Like all trades, this can be a very risky trade so do not do it unless you are a seasoned trader who can afford sustained losses.

We only do the Maria Shoe Trade in SPX.  The reason is that the fees and commissions charged to do a trade like this add up so much that they can eat up all of your profits.  For example, at Tastytrade it costs $10.17 to open and close the Maria Shoe Trade.  Other brokers charge $20.00 or more.  If you are making $121 a day on average, paying more than $10.17 adds up.  If you try this trade in SPY or smaller products the fees are $5.10 but since it is 1/10th the size of SPX it would not pay to do it in SPY.  For example, if you $12.10 a day in SPY, but had to pay $5.10 in commissions it really would not make much sense to do the Maria Shoe Trade in SPY.  Other products we have tried have had similar problems.  The only product were we have found a reasonable return for the Maria Shoe Trade is in SPX.  For big traders thinking about NDX our experience was that it was not liquid enough so on losing days we had to take some really bad fills in order to get out and it cost us a ton of money.  

We have no affiliation with tastytrade.com, tastylive.com or any other brokerage or financial company.  We are customers of tastytrade.com, but we are also customers of other brokers. We like tastytrade.com best because it is easier to use and cheaper.  They do not pay us anything but they did give us a free beret and a few stickers.  See photo below.  Rob and Maria are frequent callers on tastylive.com on Friday mornings and Rob can be found in the tastlylive youtube chatroom almost every trading day from 9 to noon.

If you want to see our 200+ reviews with lots of photos go to Google Maps and search for "Tastsytrade". Look for our review under "RobH" and click on "RobH" and you will see all of our reviews.  We had over 46 million views in the last 12 months!!!