We’re going to add Tier 2 put butterfly, 20 points above Tier 1:
We’re:
Buying (1) 1350 put
Selling (2) 1400 puts
Buying (1) 1430 put
| IncomeLab Order Ticket | ||||
| Type | Asset | Duration | Strike | C/P |
|---|---|---|---|---|
| BTO | RUT | 18 AUG 17 | 1430 | Put |
| STO | RUT | 18 AUG 17 | 1400 | Put |
| STO | RUT | 18 AUG 17 | 1400 | Put |
| BTO | RUT | 18 AUG 17 | 1350 | Put |
| Total Debit: | $1.00 | |||
P/L graph:
