Reverse Harvey Adjustment For A Longer Term Broken Wing Butterfly – (Video)


The video below makes reference to the July 29, 2016 expiration $SPX Broken Wing Butterfly.  The trade was started with 85 DTE, scaled into, and then adjusted due to an open profit.  The video below talks about a potential Reverse Harvey adjustment for the trade.  Ultimately, I opted for a less aggressive adjustment and sold a vertical spread within the body of the fly.

Order History:

The orders for this position have been made available as the trade progressed (since 5/5/2016) on the Results Page.  They’re duplicated below for easier viewing.



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