1/20/12
March IWM bearish butterfly trade
Profit target: $600.
Reduced profit target if the trade gets closer than 21 days till expiration:$200.
I will exit the trade on the Friday before expiration if the targets are not hit.
My maximum loss will be $600.
I will add 4 butterfly when IWM gets to 80 and 82
After that I will roll the lowest butterfly up 6 points at 83, 84, 85, 86, 88, 90.
Profit target: $600.
Reduced profit target if the trade gets closer than 21 days till expiration:$200.
I will exit the trade on the Friday before expiration if the targets are not hit.
My maximum loss will be $600.
I will add 4 butterfly when IWM gets to 80 and 82
After that I will roll the lowest butterfly up 6 points at 83, 84, 85, 86, 88, 90.
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