Live AAPL Butterfly Trade

B 1  Jun 1  182.5 Call,  S 2  Jun 1  187.5 C,  B 1  Jun 1  192.5 C,  1.84 Debit.  Margin and Risk  $184.  11 Day Butterfly Trade. Filled at 12:09 PM CT, with AAPL at 188.

Profit Target : 20% or $35 for every 1 contract. Sell out Butterfly at $2.19 Credit. Max Loss is 20% or $35 for every 1 contract. If Butterfly price goes from 1.84 to $1.49, get out.

Why am I trying to get 20%?  Because 10% Profit target for every 1 contract would be only $18, and after commissions , there wouldn’t be much less. This is a very cheap dollar trade, only an outlay ( debit) of $184 for every 1 contract.

Dan Sheridan  dan@sheridanmentoring.com