I placed the butterfly call trade and 'they' took it immediately for a $4 credit, which means you're probably right and it's going up. Will hedge with longs if looks to make a sustained move over 287.
On the other hand, if it closes at 287 on, or close to, by October 26, but doesn't go above, I've made about $80 bucks.
Unbalanced butterflies are great for right after big moves, when a lot of energy has been exhuausted on the last rally decline. You want slow grinds up or down, some other criteria too. Very often you get a credit, and you can hedge all kinds of ways during the move. The great thing is, you often get a credit for 'buying' the trade, if volatility is just right.
Best regards to the board,
~D