SPX Option Trade Setup: 5-10-10

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Expiration is only 10 days away for May.   With Volatility high and market going up drastic today, we are going to look for a cheap option strategy for the market to go back down.   
Due to volatility, we are going to choose a butterfly option on the spx.   This is low probability but the reward/risk is extremely high.  
See below for the option trade.  This butterfly is going to cost us 0.25/butterfly.  The reward is huge we have to have the SPX close between 1130 and 1140 at expiration.

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