| Leg | Trade | Option | Lots | Strike |
|---|---|---|---|---|
| L1 | SELL | PUT | 1x | ATM - 4 |
| L2 | BUY | PUT | 2x | ATM |
| L3 | SELL | PUT | 1x | ATM + 4 |
ATM - 4ATMATM + 409:2015:15| Preset | Entry | Strikes |
|---|
| Preset | Exit | SL | TP | |
|---|---|---|---|---|
| Firebrick | 15:15 | 0 % | 0 % | |
| Firebrick | 15:15 | 20 % | 0 % | |
| Firebrick | 15:15 | 0 % | 20 % | |
| Firebrick | 15:15 | 20 % | 20 % | |
| Firebrick | After 14:30 15:15 | 20 % | 20 % |
Sell a put butterfly to profit from a strong move away from the middle strike.
Outlook : Expecting higher volatility or directional movement
Profit : Limited to the net premium received
Loss : Limited to the strike width minus premium received