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ETSY at 90.43
I’m looking for a countertrend move towards 100-105
This is an OTM Call Butterfly
Risk Profile:
Order Ticket:
ETSY at 103.43
I’m going to take all of the risk off the table by rolling the long 90 call up to 95 strike for a credit around 4.00
Initial debit was 2.55 and with this 4.00 credit we have a NET credit of about 1.45
Worst case, this trade will make $145 per spread. Best case, we pin 100 and this trade will be worth $645
Risk Profile:
Order Ticket:
ETSY at 106.08
I’m going to close out this trade
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