Inverse Put (Credit) Broken Wing BUTTERFLY

DGM Trading Options
DGM Trading Options

Buy Put with 2 contracts and one Sell Put each at different strike prices as showing below ⬇️⬇️⬇️

Credit Strategy

Select the most recent expiry date for this strategy. Make sure enter with NET CREDIT and not DEBIT. Can close out the options contract at any point of time and do not have to wait until expiration date.

This is a bearish strategy for PUT options, as long as NOT going to sideway, we are making money. When stock price goes up, we make the credit of $397 USD and when the stock price comes down, we make max profit of $397 USD.

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