as a follow up to purchasing the call spread, if you think the
measured move is all that there will be, you could also consider
buying a butterfly, where the short call strikes are at the
measured move. this would be cheaper than buying a call
spread, but also provides less upside.
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as a follow up to
XLY options question
Posted by te22 on 9th of May 2023 at 01:36 pm
as a follow up to purchasing the call spread, if you think the measured move is all that there will be, you could also consider buying a butterfly, where the short call strikes are at the measured move. this would be cheaper than buying a call spread, but also provides less upside.