My Bread and Butter Trade

[ernsttanaka]

I re-entered the iron butterfly centered around the 790. No regrets that I side stepped the market for a couple of days to see how things are developing.

The margin on the butterfly is (5000 * 5) - (3100 * 5) = $9.500. My goal for this trade is 20%.

Let's see how it develops over the next week.