Let’s close our XLK bearish broken wing butterfly that expires Friday for a profit. We entered the trade collecting a 1.70 credit and can close it now for a 1.15 net debit and a 0.55 net profit and a 15% return on our capital.

TRADE CLOSE

SPDR Technology ETF (XLK):  122.49

TRADE ACTION:  CLOSE the XLK 6 Jan (23) 125 / 126 put and the XLK 6 Jan (23) 126 / 131 call for a net debit of 1.15 to 1.20

STC the XLK 6 Jan (23) 125 put

BTC the XLK 6 Jan (23) 126 put

BTC the XLK 6 Jan (23) 126 call

STC the XLK 6 Jan (23) 131 call

Master Portfolio is trading 5 contracts.