04.22.2024
Next trade executed.
304 DTE.
This trade is something that has back tested remarkably well and is ready for first live deployment.
Trade construct is a balanced butterfly structure with synthetic longs. A synthetic long using options consists of selling a deep ITM put, and simultaneously buying a far OTM call at the same strike.
Short Strikes for the butterfly are at 4500, which is almost 15% lower than previous high in SPX of 5264.85.
Happy Trading All!
-kevin
Next trade executed.
304 DTE.
This trade is something that has back tested remarkably well and is ready for first live deployment.
Trade construct is a balanced butterfly structure with synthetic longs. A synthetic long using options consists of selling a deep ITM put, and simultaneously buying a far OTM call at the same strike.
Short Strikes for the butterfly are at 4500, which is almost 15% lower than previous high in SPX of 5264.85.
Happy Trading All!
-kevin