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.