AAPL directional butterfly
After our recent club webinar work with the Butterfly strategy I have decided to place a directional Butterfly where I would usually place a Long Put or a bearish Debit Spread. The reason is that I was already in a bear trade on AAPL (with the Long Put strategy) from a couple of weeks ago, and now AAPL has triggered another bearish signal (different system) so I am bearish again. Rather than use another expensive position (doubling my risk on a single stock) I have employed a cheap bearish directional Butterfly as shown. I will keep you posted as it unfolds.