There is no adjustment or anything, I want to experiment with this type of strategy. Notice I risk $47 to make $50+, with the potential to jackpot at $153.
Thursday, May 7, 2009
XLE SPEC Bearish Broken Wing
I created a bearish trade Today, a Broken wing butterfly on XLF. I noticed a big reversal pattern at the top of this up-trend: We have a gap up with a dark cloud Cover, so I expect this to show some bearish movement and close bellow the current levels in the next few days.
There is no adjustment or anything, I want to experiment with this type of strategy. Notice I risk $47 to make $50+, with the potential to jackpot at $153.
There is no adjustment or anything, I want to experiment with this type of strategy. Notice I risk $47 to make $50+, with the potential to jackpot at $153.
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