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RUT 17APR Scaling Income Butterfly

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This topic contains 1 reply, has 1 voice, and was last updated by  Igor 6 years, 1 month ago.

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  • #16613

    Igor
    Keymaster

    RUT at 1689

    I’m going to put on a Scaling Income Butterfly with 63 days until expiration.

    Planned Capital: 10,000
    Profit Target: 10-15%
    Stop Loss: -15%

    Trade Plan: Add Tier 2 when RUT trades above 1710 and add Tier 3 when RUT trades above 1730. Start rolling Tier 1 when RUT trades above 1740.

     

    Order Ticket
    Type Asset Duration Strike C/P
    BTO RUT 17APR 1720 PUT
    STO X2 RUT 17APR 1670 PUT
    BTO RUT 17APR 1600 PUT
    Total Debit: 5.25

     

    #16623

    Igor
    Keymaster

    RUT at 1624

    I’m going to stop out of current trade around -9.5% ROR. The market is setting up for more wild price action and I will wait for the market to settle in to set up a new trade.

     

    Order Ticket
    Type Asset Duration Strike C/P
    STC RUT 17APR 1720 PUT
    BTC X2 RUT 17APR 1670 PUT
    STC RUT 17APR 1600 PUT
    Total Credit: 3.10
Viewing 2 posts - 1 through 2 (of 2 total)

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