butterfly options

Discussion in 'Options' started by met1989, Apr 16, 2019.

  1. met1989

    met1989

    why can't i buy a butterfly spread 2DTE with wings of .30 delta and every time the trades gets closer to the wings i extend the wings to that side and close the profitable wing ? like that I'm gonna end up in the money no ?
     
  2. Doobs789

    Doobs789

    Have at it


    (caveat emptor)
     
  3. drmark27

    drmark27

    Backtest a couple years and see what you come up with.