New Search

If you are not happy with the results below please do another search

1 search result for:

1

High Octane 2 Day SPX Butterfly

( From Ally Invest Webinar Today) Buy 1  Nov 8  2580 C, Sell 2  Nov 8  2590 C,  Buy 1  Nov 8  2600 C,  $3.65 Debit 2 Step Risk Management Process ( No Adjustments) #1  Sell  2 ATM Calls and Buy 1 OTM call 10 points up and down from short strike. Enter on Monday morning, expiration will be Wednesday, 2 days further out. #2   Profit Target is about 10% of debit and risk of $365 for each 1 Butterfly. Will sell out Butterfly if Debit hits $4 or higher. Ideally, want to get out today, latest, Tuesday by Lunch. Max loss, would get out if Debit decreased below $3.15. When I exit trade for either a profit or loss, it would be for a credit.  Dan Sheridan   an@sheridanmentoring.com