High Octane Butterfly Trade

I put on the below trade earlier today in a webinar with AllyInvest.

Trade:  High Octane Butterfly trade

Buy 1 SPX Nov 29  2590 C,  S 2  Nov 29  2600  C,  B 1  Nov 29  2610 C,  $3.15 Debit

Risk Management:

I would sell out the Butterfly for $3.50 or higher, about 10% yield on every 1-2-1 Butterfly. If the Debit goes under $2.80, would get out. Would get out of trade by 10 am central tomorrow at the latest.

Dan Sheridan 

dan@sheridanmentoring.com