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SPX 6APR 14DTE PUT BUTTERFLY

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This topic contains 2 replies, has 1 voice, and was last updated by  Igor 4 years ago.

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  • #18720

    Igor
    Keymaster

    SPX at 4474

    I’m buying 4390/4350 put debit spread and I’m selling 4350/4300 put credit spread to make it a broken wing put butterfly

    Profit Target: 8-10% of BPR
    Stop: below downside breakeven

    Risk Profile:

    Order Ticket:

    #18723

    Igor
    Keymaster

    SPX at 4515

    I’m going to roll my long puts in, moving them closer to the body of this butterfly.

    The 4390 put is going to 4375 and the 4300 put is going to 4310

    Order Ticket:

    Risk Profile:

    #18730

    Igor
    Keymaster

    SPX at 4518

    I’m seeing a 0.15 credit to close this trade, which expires in 5 days (Wed next week). Time to book it and move on.

    SOLD -3 BUTTERFLY SPX 100 (Weeklys) 6 APR 22 4375/4350/4310 PUT @.15 CBOE

    Order Ticket:

    Risk Profile:

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