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DIALong Option
Chopper_Trader
Chopper_TraderJan 07, 23 3:56 PM

Entry comments: I opened this Debit spread Butterfly thinking that the Dow will go down by this Friday. I bought 1 01/13/23 $314 Put. I sold 2 01/13/23 $320 Puts. And bought 1 01/13/23 $326 Put. The entire spread costed me $70 for a maximum profit of $530.00 Nice R/R on this one. Ideally the Dow ETF needs to close at $320 on the 13th.

000
Broker:TradeStation
DatePrice
Entry1/6/20230.70
  • Total Views19
  • Position Size1
  • Option TypePUT
  • Strike3.14320326E8
  • Expiration1/13/2023
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