The industrial ETF (XLI) is finally back at a small profit. Let’s close the trade today and we can look at resetting it later this week. We received 0.67 at the open and we can close it for 0.58 to 0.62. 

TRADE CLOSE

SPDR Industrial ETF (XLI):  98.39

TRADE:  CLOSE the XLI butterfly trade for a net debit of around 0.58 to 0.65. Work the order, the price has been moving up and down.

STC the XLI 19 May 101 put

BTC the XLI 19 May 100 put

STC the XLI 19 May 95 put

Master Portfolio:  5 / 10 / 5 contracts

NOTE: We heard from at least one member that they were assigned the 19 May 100 put. If you were assigned the XLI, sell the shares and close the entire trade.