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Butterfly strategy on SPY Rate this Topic:
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optiontimeline
Posted : Saturday, August 15, 2009 4:37:25 AM
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Joined: 8/14/2009
Posts: 2
 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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