Risk Return for Winning Broken Wing Butterflies

When you have a Broken-Wing Butterfly (or even Ratio Spread) that has moved in your favor a good bit, it quickly makes the most sense to cash in the profits and close the position. This is simply because the <a href="https://ontt.tv/X1HiN">risk:return dynamics</a> of the trade no longer favor holding it much longer, given the move that has been made. With our Call BWB in SPY, we see this exact thing today.<a href="https://ontt.tv/svR9N">Did you catch my naked strategies for a $5,000 account segment</a>?<a href="https://youtube.com/playlist?list=PLPVve34yolHb1iEcEtisF9oeuiFAOr5f6">Check out my YouTube Series on Trade Management</a>!