Shared by
HiddenZonesTrader
BUY TO OPEN +5 BUTTERFLY SPX 100 31 JAN 22 4475/4500/4525 CALL and BUY TO OPEN +5 BUTTERFLY SPX 100 31 JAN 22 4425/4450/4475 CALL
Thoughts: Couple of trade ideas I am working going into monthly expiration for SPX. We are hanging out at a level (4340) where buyers are likely to come in based on what the FED say on Wednesday 01/26/22. I've got two levels that could serve as targets if the response is positive - 4425 and 4500. Having said that I am thinking that we can put on some cheap butterflies to take advantage of any positive response. We were able to close the trades for a $7,725 profit or a 617.7% return.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-26 13:31:00 | SPX | buy | $120.000 | long |
| 2022-01-26 13:31:00 | SPX | buy | $110.000 | long |
| 2022-01-31 10:42:00 | SPX | sell | $475.000 | long |
| 2022-01-31 15:33:00 | SPX | sell | $1300.000 | 0 |
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