Broken Call Butterfly Option On Weekly AA, ending on 6/22/18Symbol: AA Current: $ 44.47
Lower Wing:
Buy
Option: 22nd Jun $44.00 Call
Price per option: $ 0.93
Contracts: #1 x 100
Total cost: $93
Middle:
Write
Option: 22nd Jun $44.50 Call
Price per option: $ 0.65
Contracts: 2 x 100
Total cost: $130
Upper Wing
Buy
Option: 22nd Jun $49.00 Call
Price per option: $ 0.15
Contracts: #1 x 100
Total cost: $15
Entry cost: $22 (net credit)
Maximum risk: $378 at a price of $49 at expiry
Maximum return: $72 at a price of $44.50 at expiry
Breakevens at expiry: $45.20
