High Octane Live Butterfly
At 11 am central today with SPX at 2765, I bought 1 Feb 28 2755 C, S 2 Feb 28 2765 C, B 1 Feb 28 2775 C, for $1.55 Debit ( Margin/Risk = $155 for every 1 contract). Game Plan is to sell it for $1.85 Debit or 20% profit. I will only stay in this trade till 1 central time today or if SPX hits 2755 or 2775, whichever comes first, at that point , will exit trade.
Dan Sheridan
dan@sheridanmentoring.com
Is the plan to SELL it at $1.85 Credit for a 20% gain?
Yes, the goal is to be out no more than two hours after.