QQQ 50 day Butterfly...05.29.15

While we're watching the market undergo a mini-swoon today we should also note that our Ponzo model has been dead on forecasting this week's action.  And, as a follow up to yesterday's post here's the actual QQQ options butterfly setup the model is indicating.  There's a free site I mentioned before to explore the various options risk/reward scenarios and these are the calcs for our trial trade.  We'll check back in a month to see how it's doing and then at 50 days...the defined options expiration date. Some brokers will let you put on 3 legged options trade for one commission although most will charge you a double commission.
Keep in mind this is just a trial balloon trade but the risk/reward ratio is pretty attractive.