Protecting some long stock with a downside hedge.
Bought $AMZN Oct 30 225/230/237.50 broken wing put butterfly @ 1.35 debit.
Breakeven around 236
Max loss 1.35 at 238 and above
Max profit 5.90 at 230
Profit of 1.15 at 225 and below
Protecting some long stock with a downside hedge.
Bought $AMZN Oct 30 225/230/237.50 broken wing put butterfly @ 1.35 debit.
Breakeven around 236
Max loss 1.35 at 238 and above
Max profit 5.90 at 230
Profit of 1.15 at 225 and below
