How A TSLA Broken Wing Butterfly Trade Earned 420% Profit. Several Options Spread Strategies Are Excellent For Earnings Season.
Portfolio Pulse from Sandra Stone
The article discusses three options strategies that can be used during earnings season to profit from market volatility: calendar spreads, butterfly spreads, and broken wing butterfly spreads. It provides examples of successful trades using these strategies, including a MasterCard (NYSE:MA) calendar spread that yielded a 45% profit and a Tesla (NASDAQ:TSLA) broken wing butterfly trade that earned a 420% profit.
August 04, 2023 | 9:39 am
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POSITIVE IMPACT
A broken wing butterfly trade on Tesla's stock earned a 420% profit.
The article mentions that a broken wing butterfly trade on Tesla's stock resulted in a 420% profit. This suggests that the stock's price moved in a way that was favorable for this type of options strategy.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
NEUTRAL IMPACT
MasterCard's stock price remained stable after a muted earnings report, allowing a calendar spread trade to yield a 45% profit.
The article mentions that a calendar spread trade on MasterCard's stock yielded a 45% profit after the company's earnings report. This suggests that the stock's price remained stable, which is typically beneficial for this type of options strategy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70