With the VIX at 17+ today the following trade that is “short” volatility looks interesting to me in the July 6th expiration-
SPX around 2705 to 2110
Buy a call butterfly with these strikes-
Buy 1 July 6th 2650 call
Sell 2 2700 calls
Buy 1 2740 call
I will try to execute trade for a debit around $18.00 per contract.
Will close trade if I am up or down 10% based on the cost of the trade.