Getting my # of occurrences in a small account. SPY has been on a tear lately and want to capture a bit of the upside, without any risk to the downside.
Trade Setup:
-1 SPY Mar 17 236/237/237/239 Call Butterfly @ 0.19
DTE: 29
Max Win: $119
Max Loss: $81
Breakeven: $238.19
Trade Management: Best case scenario, SPY trades around 237 near March expiration for close to max profit. I'll likely look to take 50% out of this. $0 downside risk on trade and will let expire or cover for close to nothing if we get a move down. Fits risk parameters here as well, although we would appreciate some IV increases across the board.
Green is profit zone; vertical bar is expiration.
Trade Setup:
-1 SPY Mar 17 236/237/237/239 Call Butterfly @ 0.19
DTE: 29
Max Win: $119
Max Loss: $81
Breakeven: $238.19
Trade Management: Best case scenario, SPY trades around 237 near March expiration for close to max profit. I'll likely look to take 50% out of this. $0 downside risk on trade and will let expire or cover for close to nothing if we get a move down. Fits risk parameters here as well, although we would appreciate some IV increases across the board.
Green is profit zone; vertical bar is expiration.
Dagangan ditutup secara manual
Getting down to the wire here on expiration. I closed this trade to take off the risk and avoid assignment fees. Closing price at $0.25 debit, so loss of $6 on the trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.