Close Trade Alert – UPDATE: March Butterfly Hedge (Adjusted)
Mon, Mar 12, 2012 | Frank
We’re re-entering our iron-condor order to close this position, as follows:
Day limit order
Sell to close 1 SPY March 144 call
Buy to close 1 SPY March 139 call
Buy to close 1 SPY March 132 put
Sell to close 1 SPY March 127 put
for a net debit of $0.31 or better.
Note, again, that the 1 contract specified above represents our entire position in the 127/132/139/143 iron condor/adjusted butterfly (same number of contracts as we’re long in the 127 puts and short in the 132 puts). Once this order is filled we’ll have no current open position.
Leave a Reply