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Broken wing butterfly /ES. Profitable if bullish (slightly), large profits if decrease of less than 8%. 
 
Theta positive, current $6.4 per contract per day 
 
Entered this position now. 10/17/16

Buying power reduction of $450 because it is a future option. Can simulate in SPY or SPX as well but SPY will yield less profits and SPX will have a BPR IN $4000 range even though risk is about 7% 10/17/16

Trade for educational purposes only, not a recommendation. 10/20/16