132 Call Butterflies - Open positions
In anticipation of a move upwards in price toward an expected target, I buy an Out of the Money (OtM) 132 Call Fly. Liquidity is viable for these multileg structures when the underlying is a future on a major index like the S&P500.
I have target closing prices with limit orders waiting to be filled.
Structure 132 Call Fly
Open Date 18-Sep-26
Security ES
Expiry Date 16-Oct-26
Strikes 7700/7850/7925
Open Price 32.0
Structure 132 Call Fly
Open Date 23-Sep-26
Security ES
Expiry Date 21-Oct-26
Strikes 7775/7925/8000
Open Price 31.0
Structure 132 Call Fly
Open Date 02-Oct-26
Security ES
Expiry Date 30-Oct-26
Strikes 7800/7950/8025
Open Price 18.0
Structure 132 Call Fly
Open Date 12-Oct-26
Security ES
Expiry Date 06-Nov-26
Strikes 7875/8025/8100
Open Price 31.5
Structure 132 Call Fly
Open Date 15-Oct-26
Security ES
Expiry Date 12-Nov-26
Strikes 7875/8025/8100
Open Price 29.8