My Bread and Butter Trade

[so2c]

Hi Ernst,

Here is my butterfly, any comments are appreciated! (sorry I didn't catch your early comment).

The trade was enter on 7/11 when it comes down from "an intermediate top".

IWM: 2 LOT of 84/90 AUG CALL from 2.15 credit & 84/78 PUT 1.51;l total credit 3.66, total risk of $ 500:

Here is the P/L look like today from original set-up:

I have to say, it works remarkably well with very big up & down regardless on going headline events.