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Bubba Show On Demand for June 26, 2015

Financial Literacy High School Education
Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo

BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: June 26, 2015

Bubba begins the broadcast by saying that he would play Sunday’s option call. He fields questions from listeners about the price action on the previous Friday. He comments on Triple witching hour and how it has changed over the years. Bubba talks about trading the market you have not the one you want. He recounts how 2015 is very similar to 2004 when the volatility died.

The Badger comments on how you trade Iron Butterflies and says he believes that trading Iron butterflies is a waiting game. Bubba comments on various trades that are currently in play. Bubba asks the Badger about taking big stocks over the weekend, the Badger replies that they are not a big fan of taking large risk home. Bubba and the Badger talk about risk reward in a trade. You want big reward with minimal risk.

Bubba and the Badger talk about executing Iron Butterflies later in the week. The Badger comments that is ok to put them on as late as Wednesday or Thursday. You just have to make sure that you are collecting enough air to offset the risk. Bubba comments that his advice is not the bible he paints the markets with broad strokes and tries to teach risk reward, there is no right or wrong answer on any one trade.

The Badger continues the conversation on the Iron Butterfly and how they construct that trade. He comments that they initiate the trade using the expected range and how you can adjust the trade. Bubba comments on how he uses Ticker TV to help students learn how to make better trading decisions. Bubba closes the session by commenting on trades that were made the previous week and how they should have been managed.           


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Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.