Butterfly Spread

If you’re new to our site, make sure to watch our FREE Online Option Income Trading Video by Going Here. Thanks for visiting! This was our second RUT Butterfly we put on this month. This trade was placed with RUT trading around 658. Immediately upon placing the trade, the index, along with the rest of [...]

ABOVE: Position as we start to unwind it. Profit target hit. ABOVE: Left on one of our extra long calls as lottery ticket. Our profit goal is locked in. Closed out our July Butterfly / Iron Condor for just under 9% profit. addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Foption-trades%2Fjuly-10-butterfly-spread-iron-condor-closed%2F’; addthis_title = ‘July+%26%238217%3B10+Butterfly+Spread+%26%238211%3B+Iron+Condor+Closed’; addthis_pub = ”; Technorati Tags: Butterfly Option, [...]

Our July Iron Condor / Butterfly Spread is off and running. So far so good as we have a profit already and have our ‘ whipsaw curbs’ in place while retaining a good theta. Stay tuned… addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Foption-trades%2Fjuly-10-rut-butterfly-spread-iron-condor-opened%2F’; addthis_title = ‘July+%E2%80%9810+RUT+BUTTERFLY+SPREAD+%26%238211%3B+IRON+CONDOR+OPENED’; addthis_pub = ”; Technorati Tags: Butterfly Option, Butterfly Spread, Credit Spread, iron butterfly, [...]

Closed out our last June Iron Condor Butterfly Spread today for right under a 5% gain. Todays big down move in reaction to employment numbers put the position right at the sweet spot at the open. Rising vols initially hurt the position a bit, however as the morning progressed, what appeared to be some friday [...]

This is our 3rd Butterfly Spread we’ve traded this month. Even with this very volatile month because of our new ‘flex’ adjustments we’ve been able to bring in a profit on each one. This trade is just now starting to show a profit and we expect (knock on wood) to close this out profitably early [...]

April 2010 Expiration This months Butterfly Spread Trade was another pretty much ‘perfect’ trade. Very little management was required – lazy trading at it’s finest. Opened this trade on 3-21-10 – closed it on 3-29-10 – for an open trade duration of just 9 days. addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Foption-trades%2Fapril-10-rut-butterfly-spread-iron-condor-closed%2F’; addthis_title = ‘APRIL+%E2%80%9810+RUT+BUTTERFLY+SPREAD+%26%238211%3B+IRON+CONDOR+CLOSED’; addthis_pub = ”; Technorati [...]

Our April ’10 Butterfly Spread is off and running… addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Foption-trades%2Fapril-10-rut-butterfly-spread-iron-condor-opened%2F’; addthis_title = ‘APRIL+%26%238217%3B10+RUT+BUTTERFLY+SPREAD+%26%238211%3B+IRON+CONDOR+OPENED’; addthis_pub = ”; Technorati Tags: Butterfly Option, Butterfly Spread, Credit Spread, Iron Condor

<a href=”http://www.podcastalley.com/”> My Podcast Alley feed!</a> {pca-9183541e961085e87900a53038cf8be1} addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Foption-trades%2F392%2F’; addthis_title = ”; addthis_pub = ”;

March 2010 Expiration Our Butterfly Spread Trade this month did beautifully. Opened this trade on 2-17-10. Closed it on 2-25-10 for a profit of just over 10% in 8 days. addthis_url = ‘http%3A%2F%2Fwww.butterflyspreadblog.com%2Foption-trades%2Fmarch-10-rut-butterfly-spread-iron-condor-closed%2F’; addthis_title = ‘MARCH+%26%238217%3B10+RUT+BUTTERFLY+SPREAD+%26%238211%3B+IRON+CONDOR+CLOSED’; addthis_pub = ”; Technorati Tags: Butterfly Option, Butterfly Spread, Credit Spread, Iron Condor

February 2010 Expiration Our Butterfly held up well this month considering the big fast down move we had which started on the same day we put this on. Would have liked to milk more out of this trade, but with the market starting to act a little batty decided to just take the money and [...]