Stock / Symbol: Nvidia/ NVDA
Strategy: Broken Wing Butterfly Put Spread
Trade post date: 13 Apr 2023 / $267.58
Price at this post: $286
Reasoning: Upside stop triggered. Closing out this trade for a loss.
Trade Exit Order:
STC 1 NVDA 19May23 260 put
BTC 2 NVDA 19May23 250 puts
STC 1 1 NVDA 19May23 245 put
For a min net credit of $0.70 per contract (GTC order, limit order). The mid is currently at a credit of $0.70. I was filled at a credit of $0.70. and I was just filled at debit of $2.05.
Analysis:
Max Risk: $215
Max Reward: $650 or 300% with NVDA at $250 on May 19th
Profit Range: NVDA at/under $257.50 by May 19th
Estimated Commission (round trip): $6.50
Upside stop: $280.01
Realized Profit / Loss: ($135) or -65% (pre commission)
