Our XLF broken wing butterfly position as reached full profit today. Let’s close it and we will re-open another new position tomorrow in the live trading session at 10:30 AM Eastern.
We entered the trade collecting a 0.89 credit. We can buy it back for a net debit of around 0.42 leaving us with a 0.47 net credit or $235 of profit and a 11% return.
SPDR Financial ETF (XLF): 35.76
TRADE ACTION: CLOSE the XLF 25 Nov 31 / 36 put and the 25 Nov 36 / 36.50 call for a net debit of around 0.42
STC the XLF 25 Nov 31 put
BTC the XLF 25 Nov 36 put
BTC the XLF 25 Nov 36 call
STC the XLF 25 Nov 36.50 call
The Master Portfolio is trading 5 contracts.