Butterfly Spread
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Risk Graph Example of Combination Position with Adjustments.

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July ‘10 Iron Condor Open

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July RUT Iron Condor / Butterfly With 'Whipsaw Curbs'
July RUT Iron Condor  With ‘Whipsaw Curbs’

We launched our July trade this last week and so far so good. We’ve put some curbs in place for any big moves that might occur short term and even though we’ve flattened this trade out considerably our theta is still really rich and expect to hit our profit goal in just a couple days - knock on wood…

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July ‘10 Iron Condor Closed For 8% Profit »