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Showing content with the highest reputation on 02/25/16 in Posts

VIX broken wing butterfly

Proposal-- what do you all think of selling a broken wing fly MAR SELL -3 16 Calls BUY +6 18 Calls SELL -3 22 Calls Net debit $120 Max profit $480 Max loss $660 (if exactly at 18 at expiration, so loss likely 1/2 or less of this) You make ~$5 a day on theta, and the risk is centered between 16-20.4, (very small loss below 16). Based on vix and volatility in Jan and Feb seems like a good bet. What do you think?
- March 5, 2016
1 point

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