Once again, we’ve reached full profit on one of our KRE bearish butterfly trades. We entered the trade with a 0.72 credit and can close it for a small debit between 0.02 and 0.05 … giving us a net profit depending on your fills of $650 to $680. Let’s take it.
SPDR Regional Bank ETF (KRE): 73.56
TRADE: CLOSE the KRE Butterfly for a net debit of around 0.02 to 0.05
STC the (1) KRE 19 May 41 call
BTC the (2) KRE 19 May 42 call
STC the (1) KRE 19 May 47 call
Master Portfolio: 10 Contracts