The broken wing butterfly (BWB) is an advanced strategy involving the use of multiple options. The butterfly strategy is generally thought of as a neutral to slightly directional strategy, which will …
SPX Jul 11 Broken Wing Butterfly Trade Started
I put a new SPX Broken Wing Butterfly trade on yesterday with 29 days to expiration. It's an eight lot at 1910/1890/1830 with a put debit spread at 1910/1890 for a next credit of $926 on $31,574 of …
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