Wait...did D just give a price projection? Actually my trade was pretty simple...price typically retraces at least .38, and the MACD confirms so the timing put it @ about 17 on Aug23...hopefully it doesn't blow through the other side...but between 16.50-17.50 I profit $300-$800. The trade only cost me $200 so the return on risk is good. btw the price action also confirms it...if you watch enough charts you will see that on the open they sucked in a lot of traders and stopped them out before the move up. The day will probably finish with a doji (dragonfly) or a hammer.
That's what happens when price goes up on a put fly...premium goes down. I am in the butter zone right now with my 16/17/18...if it holds this price range I go from $134 to $680 pnl. Wait...according to my sheet the 14/16/16.5 was cheaper yesterday than today? This would mean price is skewing as there is an expectation that the price is going to pull back...it's anticipating a trend reversal! Options are fun! Yesterday Today
It's up 15 cents here (on marks). Things would go easier if you were at least borderline functional. Entered at a 12 cent credit.
What are the prices of each leg? How did you get .15?? You broke my pnl chart I think because its showing an arb or something where if price continues up your min loss is a $152 gain. However if it drops to 14 you lose $1348.