Recent idea from Wednesday Dec14th
14-Dec
Consider with stock below $401.58:
SPY 6-Jan 400-380-360 Put butterfly
Consider with stock above $410:
SPY 6-Jan 415-435-455 Call Butterfly
With the stock falling traders jumped into the downside butterfly for roughly $3.8
On Friday Dec 16 the ETF dropped to a low of $381.04 and the butterfly increased in value to over $7.885
