NOTE: ENTRY for this exploit has expired.
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Buy Iron Butterfly : Visa : $V
As shown above, due to price changes, the risk/reward has increased slightly to 2.07 to 1, but it is still much lower than the $340 call.
Your net debit or maximum loss is $1,011, while your maximum profit is $489. You have nearly a 50/50 chance that the share price at expiration in three weeks will be above $355.11 or below $334.89.
You generate the maximum profit if the share price is at or above $360 or at or below $330 at expiration--right on the butterfly’s wings.
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