Spread #1 150point Iron Butterfly
Buy 9th May 11900 CE @ 33 (1W decay:33-3=30)
Sell 9th May 11750 CE+PE @ 82+89 = 170 (1W decay:170-36-48=86)
Buy 9th May 11600 PE @ 41 (1W decay:41-11=30)
Delta: -13
Theta: 46
Buy 9th May 11900 CE @ 33 (1W decay:33-3=30)
Sell 9th May 11750 CE+PE @ 82+89 = 170 (1W decay:170-36-48=86)
Buy 9th May 11600 PE @ 41 (1W decay:41-11=30)
Delta: -13
Theta: 46
Spread #2 150point Iron Butterfly, but with cheaper wings.
Buy 2nd May 150-OTM 11900 CE @ 5
Sell 9th May ATM 11750 CE+PE @ 82+89 = 170 (1W decay:170-36-48=86)
Buy 2nd May 150-OTM 11600 PE @ 10
Delta: -27
Theta: 135
Buy 2nd May 150-OTM 11900 CE @ 5
Sell 9th May ATM 11750 CE+PE @ 82+89 = 170 (1W decay:170-36-48=86)
Buy 2nd May 150-OTM 11600 PE @ 10
Delta: -27
Theta: 135
Spread #3 A Month long 150point Iron Butterfly
Buy 12000 27JUN19 284
Sell 11750 30MAY19 330+270 (High Theta, High Delta)
Buy 11500 27JUN19 237
Delta: -0.31
Theta: 325.63
Buy 12000 27JUN19 284
Sell 11750 30MAY19 330+270 (High Theta, High Delta)
Buy 11500 27JUN19 237
Delta: -0.31
Theta: 325.63