Added one more trade to increase theta. I now have on a synthetic strangle on SPY.
Trade Setup:
- 1 SPY Mar 17 230/232/232/233 Put Butterfly @ 0.17
DTE: 28
Max Win: $117
Max Loss: $83
Breakeven: $230.83
Trade Management: Just looking to capture some non movement or movement to one side here now, when paired with the other BWB. Fits Risk parameters and I'll look for 50% out of this trade in the upcoming weeks.
Green is profit zone, vertical bar is expiration.
Trade Setup:
- 1 SPY Mar 17 230/232/232/233 Put Butterfly @ 0.17
DTE: 28
Max Win: $117
Max Loss: $83
Breakeven: $230.83
Trade Management: Just looking to capture some non movement or movement to one side here now, when paired with the other BWB. Fits Risk parameters and I'll look for 50% out of this trade in the upcoming weeks.
Green is profit zone, vertical bar is expiration.
