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.