#UnbalancedButterfly – Sold SEDG 1 x 3 x 2 SEP 18 2020 210 / 200 / 190 Unbalanced Put Butterfly @ 2.68 credit.

A starter position on the basis I will be wrong until proven otherwise, whereupon I will add to the position.

It’s useful to look at the Unbalanced Butterfly as the combination of a 1 x long put spread and a 2 x short put spread.

Adjustments down the road: all the risk is to the downside. If SEDG drops below $200 then I cash out the long put spread and use those funds to roll the 2 x short put spread down and out.