SPY Risk-Free Butterfly
Hi, I did it again! If you follow, on March 23 I opened a SPY 640/620 put ratio spread for a $598 credit.
Yesterday, I bought the 600 put for $4.77 and turned the entire position into a RISK-FREE butterfly.
Now the trade has:
- No downside risk
- No upside risk
- Locked-in profit: $121
- Max profit: $2,121
This is how short volatility works when we stop thinking directionally and start thinking in structures.
1
0 comments
SPY Risk-Free Butterfly
powered by
skool.com/option4all-2121
For new & growing traders. 🎓 Learn low-risk, high-return option systems & trade confidently with real mentorship. 🚀
Suggested communities
Powered by