We’ve been in the April5 CIB for a little while now and we’re 24 days to expiration, but we still haven’t hit the target profit. In the video below, we walk through some adjustments that have the potential to significantly widen the profit zone on the trade while protecting our open profit. The adjustment effectively converts the income butterfly to a broken wing butterfly.
The idea is that we shouldn’t just think about trades as being a static set of rules and there are countless adjustments to morph our positions into something more favorable. Enjoy . . .