CLOSE AND RESET
SPDR S&P Regional Banks (KRE): 40.02

TRADE ACTION 1: Close the butterfly for a debit of around 1.97
STC (10) KRE 2 JUN 36 call
BTC (20) KRE 2 JUN 37 call
STC (10) KRE 2 JUN 42 call

Master Portfolio is trading 10 contracts (10-20-10)

TRADE ACTION 2: Open a new butterfly for a credit of 1.70
STO KRE 23 JUN 40 call
BTO KRE 23 JUN 45 call
STO KRE 23 JUN 40 put
BTO KRE 23 JUN 39 put

Master Portfolio is trading 10 contracts (10-20-10)