For anyone who didn’t place this order yesterday, or wasn’t filled, we’re officially closing our remaining March IBM position this morning, as follows:
Day limit order
Sell 1 IBM Mar 160 put
Buy 2 IBM Mar 155 puts
Sell 1 IBM Mar 150 put
for a net credit of $2.60† or better.
Note that the number of contracts specified above represents our entire position in IBM March Butterfly Hedge #3. Also note, again, that as a Supplemental Trade, this order will not be autotraded. And, of course, anyone not participating in this month’s Supplemental Trades or who has already closed this position would not place this order.
†Average fill price.