Financial stocks have generally traded lower since we put on our XLF broken wing butterfly. We gave this trade more room going out 10 Mar but we have a small profit. Let’s take it and close the trade. We will re-open a new position next week.




SPDR Financial ETF (XLF):  35.51


TRADE ACTION:  CLOSE the XLF 10 Mar 31.50 / 36.50 put and the 10 Mar 36.50 / 37.50 call for a net debit of 0.98 to 1.02

STC the 10 Mar 31.50 put

BTC the 10 Mar 36.50 call

BTC the 10 Mar 36.50 put

STC the 10 Mar 37.50 call


We collected around 1.13 of credit at the open so we will take a small profit on this trade of 0.10 to 0.13 depending on your closing fill.


Master Portfolio:  5 Contracts