Small Account Trader PRO Alert: Close OIH
CLOSE TRADE: Broken Wing Butterfly
Vaneck Oil Services ETF (OIH): 287.50
TRADE ACTION: CLOSE the OIH 4 Nov 255 / 260 put and 4 Nov 260 / 262.50 call broken wing butterfly for a net debit of around 2.69
STC the OIH 4 Nov 255 put
BTC the OIH 4 Nov 260 put
BTC the OIH 4 Nov 260 call
STC the OIH 4 Nov 262.50 call
The Master Portfolio is trading 5 contracts.
Alternative Close (Split and close calls and put options separately):
TRADE ACTION 1: CLOSE the OIH 4 Nov 255 /260 put for a net debit of around 0.44
STC the OIH 4 Nov 255 put
BTC the OIH 4 Nov 260 put
TRADE ACTION 2: CLOSE the OIH 4 Nov 260 /262.50 call broken wing butterfly for a net debit of around 2.20
BTC the OIH 4 Nov 260 call
STC the OIH 4 Nov 262.50 call