Opening (IRA): SPX June 17th 3770/3870/3920 BWB*
... for a 5.40 credit.
Comments: A 100 x 50 broken wing butterfly, selling the 20 delta's and buying the wings out from there. Will generally look to take this off at 50% max.
* -- Broken wing butterfly.
Comments: A 100 x 50 broken wing butterfly, selling the 20 delta's and buying the wings out from there. Will generally look to take this off at 50% max.
* -- Broken wing butterfly.
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