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March 14, 2014 at 2:37 pm
#2194
Steven Place
Keymaster
Adding one more fly to this bastard of an income trade:
Buy 2 Mar 1800/1820/1840 Put Butterflies for 2.00 or lower.
That moves the breakeven down 20 points to reduce risk heading into the weekend.
I’m going to hold these to expiration and just let them all expire– remember SPX is cash settled so we don’t have to worry about getting assigned stock.