Took off Mondays Live Butterfly today for a profit of around 5% in 3 Days! (You can reference the trade from Monday’s blog using the link below.)
Took off the Butterfly for less than my goal of 8-10 % because I am concerned with the narrow range in SPX last 5 trading days and am quick to get out of my short Vega trades a bit early when VIX is so low, today it is at 9.76! We bought the Butterfly Monday for 12.15 Debit and sold it out today for 12.70 Credit . The Trade was in the Oct 27 expiration. The trade was B 1 2520 C , S 2 2550 C , B 1 2575 C , $12.15 Debit.