Trade Idea for today
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. Mark Fenton mark@sheridanmentoring.com