Alert: OPEN new SPX dragonfly

Ticker: SPX
Price: $3974.67
Date: 1/13/23 12:50pm
Underlying: S&P 500 Index

Est. Net Credit: $525

Master Portfolio Contracts: 7

Notes: open a new SPX dragonfly

Due to decreasing volatility, we are having to adjust the ratio of the trade today. We are skewing the butterfly to a 35/65 ratio but to keep the margin controlled to 21,000 we are decreasing to 7 contracts. This is so we can still get a credit for the trade and collect some extra theta decay over the long weekend.


Trade Detail:

BTO +7 of the 27-JAN 3925 put
STO -14 of the 27-JAN 3890 put
BTO +7 of the 27-JAN 3825 put

Net Credit: $0.75

Margin: $20,995