Using Directional Butterflies for Huge Profits
Directional butterfly spreads are a great way to gain cheap exposure to a stock.
In this example, we were bullish on $CRM in early May when it was trading at $121 and placed a 3-month butterfly centered at $130.
The trade cost $49 with a max profit of $450 per spread.
By June 5th, the trade was +$46 or 93% !
If you want to learn more about butterfly spreads head to www.optionstradingiq.com
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