MCD and JNJ Butterfly Spread Trade Adjustments
Butterfly Spread Option Trading Update
Hope you have a wonderful, happy, and well rested holiday!
Here is an update of the MCD and JNJ butterfly option trades I showed you in my last video. Had to make an adjustment to each because of the strong down move in the market which also affected these stocks.
What is a butterfly spread?
It is a limited profit, limited risk stock options strategy. Three (3) striking prices are involved in a butterfly spread and it can be formulated using calls or puts.
Want more useful option trading videos like this? Check out our previous blog posts and our option trading training page.
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