Tom1trader
Short

Opening Jan Call Broken Wing Bfly no down risk break-even 268.39

AMEX:SPY   SPDR S&P 500
https://www.tradingview.com/chart/OsBXckpZ/

The top panel below chart orange showing average change over 1 month +$3.60 which is also ~ the expected move based on Implied volatilty. That puts the SPY             into peak profit area of this Broken Wing Butterfly spread. The break-even is another buck and a half (about) higher. Last week was a little down which sometimes makes more of a bounce but no special reason to expect the up side to get challenged. The down side has zero risk in fact will profit $33 (the credit for establishing the postion) with a down move.

credit .33
delta -9
Theta 0.68
max profit corrected for actual fill $133
max loss " $167
downside (any) $33 at expiration. It will not be open that long but flies tend to
be slow so it might be open up to a month.

Even though so-called tax reform bill is in the works, the s&p             probably has upside yet and volatility has been acting a little goofy lately I am expecting
that the SPY             will not rush quickly to new highs. If that does happen I would at some point sell off the embedded long call spread (266/267) and look to roll
out the short (267/270) spread.
Deutsch
English
English (UK)
English (IN)
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden