How I Managed a 120% Winner

Trading butterflies is all about identifying price targets and using options to trade the move to that zone. Traders often ask me how they can correctly identify a price target, and questions about what to do when the ticker hits that zone.

In my latest Trade Review video, I answer these questions! In this example, I discuss a trade of mine in Amazon. This was a typical swing trade for me, as I was in the trade for a week. The ticker ended up hitting my price target 3 days before expiration, so I decided to take 120% profits (that is 120% of the original debit paid) instead of trying to squeeze out more.

Check out the video below (and subscribe to my Youtube channel to be alerted when I create new videos!).

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