Buying Swing: turned my weekly 230/235 cds into a butterfly
Posted: Wed Jul 23, 2014 10:10 am
Buying Swing: turned my weekly 230/235 cds into a butterfly by covering the 235, selling 2 232.50s, then buying a 235 long to turn it into a 230/232.50/235 butterfly to reduce the cost of my trade (my risk) by almost 50%