SPY – Bullish Gartley – Butterfly Spread


Bullish Gartley forming on the S&P 500 index.  PRZ confluence with the 200 day SMA.
Looking to trade via a SPY directional butterfly …
Buy 10 Aug 130 calls
Sell 20 Aug 132 calls
Buy 10 Aug 134 calls
Net debit =~ 0.28c
Click here for chart, option analysis/IV graphs.
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This entry was posted in Butterfly, Gartley, Harmonic Pattern, Indices, Options, SPX, SPY. Bookmark the permalink.

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