This Friday morning Steve issued an Alert recommending a butterfly spread in the SPY that only cost $100 per contract and can deliver a $500 or 500% profit SPY in a matter of days
A butterfly spread is a great low cost strategy with a defined risk; and while it has a low probability of achieving the maximum, it has the potential for very high returns without needing an outsized move.
In butterfly spread Steve recommended the SPY would need to only rally some 2% by next Tuesday to realize up to a 500% return.
Here’s a risk/reward profile graph.

Here’s how Steve broke it down in his Alert.
The SPY has been poking but holding the 200 dma but everyone thinks we’ll need to see a flush through, some panic and a spike in the VIX above 30 before we get any type of bottoming process in place.
I agree, but with bearish sentiment hitting extreme levels and many stocks and metrics in oversold conditions I think we can get a bounce back towards Wednesday’s highs near $584 over the next couple of days.
Powell speaking at 12:30 ET today could be a catalyst.
Let’s use a low cost butterfly; it’s low probability but could deliver a high return.
ACTION:
-Buy to open 1 contract Mar (3/11) 577 Call
-Sell to open 2 contracts Mar (3/11) 583 Call
-Buy to open 1 contract Mar (3/11) 588 Call
For a Net Debit of $1.00 (-/+0.10)
Note, the width between strikes is 6×5 making it a ‘skip strike’ which allows us to still make money if it goes through the upper strike.
Here is a risk/reward profile breakdown:
Max loss: $100 if SPY is below $577 on March 11
Max profit: $500 if SPY is at $583 on March 11
Probability of any Profit: 38% if SPY is between $578 and $588 on March 11
Steve’s releasing “small account” trades like this every week
If you have a small account, Steve’s trades allow you to trade great names like Nvidia, but also learn more complicated strategies LIKE butterflies.
Steve guides you… plus sends you the trades like clockwork.
Take a look at how to get his next trade for cheap.
