Registered User
Joined: 8/14/2009
Posts: 2
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A week before expiration it looks like the market is not going to erupt... It's a good time for a butterfly strategy on SPY with a low risk:
- buy 1 call 99 at price 2.51
- sell 2 calls 100 at price 1.78
- buy 1 call 101 at price 1.13
Total cost 8$ (+ commissions), potential profit 92$.
Risk is limited to cost.
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