I entered this trade as this is expiration Friday for October,
This is a highly speculative trade. I was hesitant but decided to enter the day after Derek skyped on the possibility.
Trade: Iron Butterfly 540/550/560 for a credit of 6.11
PE: Exit at ROI of 10% before 3 pm today
SE: Exit at a % loss before 3 pm today
I exited the trade at noon for a profit 6.8 for a profit of 0.69 or 11.5 % within 2 hours.
This is the second time I did this trade. In September, I entered a similar trade and made about 15% within 4 hours.
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The market close for this trade is at around 9.5. I could have made 50% in a day. Goog ends at 549.91 - almost on target! Remember, I said it is Vegas trade!
ReplyDeleteI am happy with 11% profit.