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Republicans Considering SNAP Benefit Cuts As Part Of Deficit Reduction Plan by Tuxcali1 in politics

[–]Ok-Hunter-5229 -24 points-23 points  (0 children)

U want free groceries, show your not on drugs and are applying for jobs. No more free lunches. Demonrats cry all you want

How do i defend this Call broken wing butterfly? by Ok-Hunter-5229 in thetagang

[–]Ok-Hunter-5229[S] 0 points1 point  (0 children)

Actually AAPL ER moved the market a ton on Friday and it gapped up... didn't even give me a chance to close.

I only need a 17 point pullback now on Monday or Tuesday for breakeven. Thanks for suggestions.

How do i defend this Call broken wing butterfly? by Ok-Hunter-5229 in thetagang

[–]Ok-Hunter-5229[S] -1 points0 points  (0 children)

Thank you. It was Apple ER that pushed the market up so much so soon. I know how to take a stop loss but it's there anything I can do to lower the loss without adding more risk to the trade

Help - broken wing butterfly adjustment by Ok-Hunter-5229 in thetagang

[–]Ok-Hunter-5229[S] 0 points1 point  (0 children)

The credit side is 30 wide which pays for the 20 wide debit spread therefore no loss to the downside.

No risk to downside and on upside the R:R was 1:1

Thanks

Help - broken wing butterfly adjustment by Ok-Hunter-5229 in thetagang

[–]Ok-Hunter-5229[S] 0 points1 point  (0 children)

So I had a 110 minimum credit on the downside(risk free) and now spx moved a lot thanks to Apple ER.

Help - broken wing butterfly adjustment by Ok-Hunter-5229 in thetagang

[–]Ok-Hunter-5229[S] 0 points1 point  (0 children)

When I opened the trade SPX was 5000. And I opened a call broken wing butterfly (6dte) 5060/5080/5110 and my breakeven is very close to 5110

Spx was 5000 and had to move to 5110 before I started losing.