Sunday, September 22, 2019

NFLX -Demo Bearish 'broken wing butterfly (BWB)'


Current P&L 09/25



P&L 09/22



09/22  P&L chart
Will close this position soon, with almost $1000 profit (if it keeps on the right track).
This was done for a Debit, so if it went the wrong way, it would be losing.




Price chart -was clearly in a downtrend




Here is another BWB that was established at the same time, but with shorter duration..
It ran out of time, but was a small winner anyway -different structure too (was done for a Credit).
All strikes expired out of the money.



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