NaughtyPines

TRADE IDEA: XRT JAN 17TH 43/46/47 BROKEN WING BUTTERFLY

Long
NaughtyPines Updated   
AMEX:XRT   SPDR S&P Retail ETF
A seasonality play in retail at long-term range rows with a break even below mid-range ... . Markets are wide here in the after hours, so may have to do some price discovery to get a fill.

Metrics:

Max Profit: $181/contract
Max Loss/Buying Power Effect: $19/contract
Break Even: 43.19
Delta/Theta: 5.55/-.09
Trade active:
Filled for a .23/setup debit. Revised metrics: Max Profit: $177/setup; Max Loss/Buying Power Effect: $23/setup; Break Even: 43.23; Delta/Theta (current): 6.82/-.12.
Trade closed manually:
Covering here for a .72/contract credit, 313% ROC, 41% max.
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