Jumping on A Lean Hog Butterfly Spread
Darren Carlat of SpreadEdge Capital - InsideFutures.com - Wed Sep 11, 7:07AM CDT

In late August the Lean Hog (V19-2*Z19+G20) butterfly spread was ripe for purchase but I missed sending out the trade recommendation. Yesterday the spread reversed and is now providing a great entry point. This spread has profited 13 of the last 15 years when purchased on 8/31 and sold on 10/14. The average profit to draw-down ratio is 136% while the average best is 2.6x the average worst. On Wednesday, I will be buying the Lean Hog (V19-2*Z19+G20) butterfly spread at a limit of $8.575.