Hi, I just finished my latest research post, and I think it can be genuinely useful for advanced traders.
Every trader knows the classic dilemma: you can collect theta, but it means taking on vega risk. You can position for a vol spike, but you'll bleed premium if the market goes quiet. So when a strategy claims to profit in both directions of volatility while generating consistent income, skepticism is the only rational response. But what if it actually worked?
That's the idea behind the Flyagonal - a hybrid of a broken-wing butterfly and a put diagonal that was traded live by Steve Ganz with a 96% win rate. It's one of those rare setups that adapts across market regimes, defines risk upfront, and can deliver steady returns in calm conditions.
It still struggles in violent crashes or runaway rallies, but in the right environment (short duration, modest ranges, low IV) it can be a surprisingly effective income engine with clean mechanics and defined risk.
So, if you already trade iron condors, calendars, or broken wings, this might be the most interesting addition to your playbook you've seen in years: read the full post on my blog.