SPY Put Broken Wing Butterfly
Added one more trade to increase theta. I now have on a synthetic strangle on SPY.
Trade Setup:
- 1 SPY Mar 17 230/232/232/233 Put Butterfly @ 0.17
DTE: 28
Max Win: $117
Max Loss: $83
Breakeven: $230.83
Trade Management: Just looking to capture some non movement or movement to one side here now, when paired with the other BWB. Fits Risk parameters and I'll look for 50% out of this trade in the upcoming weeks.
Green is profit zone, vertical bar is expiration.
Trade Setup:
- 1 SPY Mar 17 230/232/232/233 Put Butterfly @ 0.17
DTE: 28
Max Win: $117
Max Loss: $83
Breakeven: $230.83
Trade Management: Just looking to capture some non movement or movement to one side here now, when paired with the other BWB. Fits Risk parameters and I'll look for 50% out of this trade in the upcoming weeks.
Green is profit zone, vertical bar is expiration.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.