December 2014 Trades – SPX Weekly Double Butterfly

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December 5th 2014 – SPX Weekly Double Butterfly – Opening Trade:

This weeks double butterfly didn’t work out but I’ll try again for next week considering the index has again been flat over the last week. It’s a cheap trade, but we need the market to move 1.5% – 3%.

The call butterfly also gives us some protection for our SPX Bear Call Spread.

SPX Double Butterfly Trade

SPX Double Butterfly

December 11th 2014 – SPX Weekly Double Butterfly – Close Out:

Normally I would hold these into expiry, but we have a nice little profit so I’m going to close out the puts rather than potentially giving back all of gains tomorrow.

SPX Trade

TOTAL P&L: $375

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