Small Account Trader PRO Alert: Close XLF Trade
Our financial ETF (XLF) is benefiting from the rally today. Let’s close the trade at “full profit”. We entered the trade with a 0.98 credit and we can exit paying around 0.50 leaving us with 0.48 net credit or $230 to $240 in profit.
TRADE CLOSE: Broken Wing Butterfly
SPDR Financial ETF (XLF): 35.15
TRADE ACTION 1: CLOSE the XLF 18 Nov 29 / 34 put and 18 Nov 34 /34.50 call for a net debit of around 0.50 to 0.52
STC the XLF 18 Nov 29 put
BTC the XLF 18 Nov 34 put
BTC the XLF 18 Nov 34 call
STC the XLF 18 Nov 34.50 call
The Master Portfolio is trading 5 contracts.