Replies to post #2643 on Snack info board

[Lord DarkHelmet]

so...you have a 5 strike spread on the downside and a 6 strike spread on the upside?

That is weird. Did you put the spread in wrong on the trading platform?

You now have a broken-winged butterfly. May need to manage it differently.

[Lord DarkHelmet]

Here is a PnL on your position. you have more risk on the upside, but have hedged the risk on too aggressive of a move on the upside.

Not sure you want to be in this position. The risk of the position, even the normal butterfly is an upside move. You have augmented that risk.

You may want to close the spread and try the to get the 131-136-141, even if you have to take a loss on it.

jmo.