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Course: Options - Advanced Concepts
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Options - Advanced Concepts

Art of Butterfly

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Art of Butterfly

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Art of Butterfly

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Text lesson

SPX DD – Live Example

Trade Entry and setup

– Entry date – 7/21/2021 

VIX was low 18  and SPX was at 4314

            – Call 4410/4425
             – Put 4250/4270

Adjustment ->
– Call side ; If short call side is in danger then Move 10 point higher
– Put side ; If short put side in danger then move 10 points lower

Trade Exit – 8/2 ( 4k Profit in 12 days )
– SPX – 4397
VIX – 20
Long vega helped for profit