Interesting thing what a new dough trader Jules did for BBBY earnings...
Yesterday he sold 83.5 call to finance a 75/73/71 put butterfly... all Apr 10 options...
Today he closed call for 1 cent at the open, and got the butterfly for free. Now he closed put butterfly right at the $73... for $1.08...
Yesterday he sold 83.5 call to finance a 75/73/71 put butterfly... all Apr 10 options...
Today he closed call for 1 cent at the open, and got the butterfly for free. Now he closed put butterfly right at the $73... for $1.08...
Hope is dangerous in this game.