Dear Profit Takeover reader,
I am back on my SPX game –
We had a rough start to the week with SPX and XSP trades, but I’ve found my rhythm again.
Luckily – when we lose on these trades, it’s minimal, BUT when we win – it’s absolutely asymmetric…
For example, on XSP trades, we risk only about $100 per trade – so if we lose, it’s only $100 per option gone, but when we win, we could bank hundreds if not thousands directly in our accounts.
Here’s an example of how I set up a winning SPX play behind the curtain in the Profit Revolution:
And recently, I dedicated an entire show to explaining these types of butterfly trades –
Check it out here if you missed that show:
Here’s what some folks had to say about my explanation of butterfly trades:
Butterflies are important trades to master – if you are ready to make a serious profit.
A butterfly is a combination of a debit spread and a credit spread where the sold strikes overlap in the middle –
And the good news is, you can learn these trades like a skill – and you can take time to practice them in a paper account so you DON’T have to risk your hard-earned cash as you get comfortable.
Here’s a quick overview of a butterfly play that made MASSIVE CASH:
On May 11th, we made this play in SPX in the Profit Revolution:
Profit Revolution traders opened the put butterfly for $2 at 3:01 p.m.
By 3:40, they were out of ½ for $4.70 – up +135% on ½.
A little later, they were out of ¼ for $6.35 – up +217% on ¼ of position
Then, the remainder expired at $14.75 at 4 p.m. – up +638% on ¼ on position
Needless to say, these trades have the potential for huge wins – with relatively cheap risk.
With a butterfly, we can bet on a move for very cheap –
When you buy a put or a call – time is your enemy…
But in a butterfly, you can beat the time decay…
Because we can put time on our side instead of making it our enemy.
Initially, when we do a butterfly right, we can flip the trade so that if we sit for a few days, money goes in our pocket…
We can get paid for a directional opinion.
Every day that passes, we are putting money into our accounts.
And we have opportunities to practice these trades every single day in the Profit Revolution.
Today, we will be making some butterfly plays on SPX and XSP…
We’ve made profits like 183%, 250%, and 281%in a matter of hours on SPX on expiration days.
I recommend that traders practice these trades in a paper account, and I’d love for you to join us this week to learn how to trade SPX and XSP.
If you want to join us in these trades during the Profit Revolution live shows, CLICK RIGHT HERE.
Until next time,
Founder, Profit Takeover
June 03 2022