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TTD at 52.79
We’re looking for a move towards 62-65 level.
This is a broken wing call butterfly with no risk to the upside. The risk in this trade is the debit paid to get into the trade.
Breakeven at expiration is 55 + debit paid. Current implied POP is around 31%
Risk Profile:
Order Ticket:
TTD at 54.36
I’m going to convert this butterfly into a call calendar with 14 days left on the front month contract.
Video:
Risk Profile:
Order Ticket:
TTD at 46.93
The remaining call calendar can be left to expire worthless or closed for a small credit.
We pulled out most of the risk out of this trade when we had a chance. This trade is a small loss.
Order Ticket
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