04-05-2019, 06:19 PM
(04-05-2019, 07:57 AM)fenders53 Wrote: Gotcha, I look forward to following along. Do I understand the goal of this TSLA trade correctly? You hope to catch TSLA very near 260 after some time value erodes? Then close it.
The goal is that TSLA moves down to or near my strike (260) and close it for 25% of the max profit.
Butterfly trades are slow to move so it doesn't require a lot of time to monitor them.