SPX Long Term Butterfly – Sept 20 Return: 217%
| Trades |
|---|
| BUY 10 SPX Jan18 2975 CALL |
| SELL 20 SPX Jan18 3000 CALL |
| BUY 10 SPX Jan18 3025 CALL |
| Date | Entry Price | Exit Price |
|---|---|---|
| Apr4 | 0.6 | |
| Sept 20 | 1.9 |
| TOTAL PROFIT | ||
|---|---|---|
1.3
|
| TRADE DURATION |
|---|
| 50 DAY |
| COMMENTS |
|---|
| After the February correction in the market implied volatility remained very elevated so we decided to take advantage of that and play a long term butterfly for higher levels. The idea was to capture both the move and the collapse in implied volatility. |
