May 14 Blog featured a live Butterfly trade in AAPL I put on for around .49 debit and took off today for $2 credit. Did the trade 9-18-9 and made $150 times 9 butterflies or around $1300 on an investment of around $450. Do I normally leave a trade like this on all the way to expiration? Not usually. This particular trade , I was comfortable with the 125-133 range AAPL has been in. As long as AAPL didn’t break through 133 or under 125, I was going to try and milk the cow. I was on vacation last 3 weeks and left the trade on, not the norm for me, but it worked great. New Live Trade: May 14, AAPL was around $128 and I put on the $128 Butterfly at-the-money because I felt AAPL was in the middle of the range. Today AAPL is at 127.56  -1$  for the day. The last 3 weeks AAPL has traded between 127.4 and 132.57. I am doing a live butterfly 9-18-9 in the July 2 expiration in the calls. I am buying the 126 strike 9 times , selling the 129 strike 18 times and buying the 132 strike 9 times. Total […]