Blog Update from Monday

Took off Mondays Live Butterfly today for a profit of around 5% in 3 Days! (You can reference the trade from Monday’s blog using the link below.)

https://www.sheridanmentoring.com/butterfly-live-trade-today-risk-management-plan/

Took off the Butterfly for less than my goal of 8-10 % because I am concerned with the narrow range in SPX last 5 trading days and am quick to get out of my short Vega trades a bit early when VIX is so low, today it is at 9.76!

We bought the Butterfly  Monday for 12.15 Debit and sold it out today for  12.70 Credit . The Trade was in the Oct 27 expiration. The trade was B 1  2520 C ,  S 2  2550 C ,  B 1  2575 C , $12.15 Debit.

Dan Sheridan

dan@sheridanmentoring.com