AMZN Flyagonal — Trade Closed (+27%)
🦋 Profitable experiment. Not my style.
On May 18, I opened Flyagonal experiment on AMZN to study how the structure behaves in real market conditions.
Today I’m closing the trade with a realized gain of:
+$57.50 (+27%)
Entry structure:
+1 270C 29 May
-2 280C 29 May
+1 295C 29 May
-1 245P 29 May
+1 240P 12 Jun
Position management result:
240P Jun 12: -$0.83
245P May 29: +$0.57
270C May 29: -$0.25
280C May 29: +$0.63
295C May 29: -$0.16
Net result:
+$57.50
OptionStrat Link: https://optionstrat.com/8XNbQVuvICAl
The trade worked.
But the bigger conclusion is that I personally do not enjoy managing Flyagonals very much.
The structure is flexible, but it also becomes noticeably more demanding operationally:
multiple expirations
more moving Greeks
more management decisions
more attention required day-to-day
After trading it live, my current impression is that Flyagonals probably make the most sense on ultra-liquid index products like SPX, SPY, QQQ.
For now, I’m not planning to continue actively trading Flyagonals.
Instead, I’ll be focusing primarily on Call Broken Wing Butterflies, which currently fit my execution style much better:
cleaner management
more intuitive positioning
simpler adjustment logic
less operational friction
The experiment was useful.
The profit is real.
But the main value was understanding what actually fits my process — and what doesn’t.
Disclaimer
All content is for informational purposes only and does not constitute financial advice.Any trades or strategies should be tested in a simulated environment before use.Trading involves risk, and all decisions are the sole responsibility of the reader.