OPENING: SPY DEC 21ST 272/2 X 274/279 BROKEN WING BUTTERFLY
... for a .43/contract credit.
Notes: Selling premium buying power free (because I have a put butterfly of the same width on; see Post Below) and to pick up some short delta in my SPY core position running into December opex. It probably only makes sense as an adjustment trade and not as a stand-alone ... .
Notes: Selling premium buying power free (because I have a put butterfly of the same width on; see Post Below) and to pick up some short delta in my SPY core position running into December opex. It probably only makes sense as an adjustment trade and not as a stand-alone ... .
Trade closed manually:
Closing for a .09 debit with 11 DTE (.34/$34 profit). Will clean up the remainder of my core SPY December cycle position tomorrow.
