Butterfly Trade Update
December 5th, 2011 
Genius Here is the third installment of the JNJ and MCD butterflies.
Here is how they are both doing after adjustments.
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December 5th, 2011 Genius - Autotrading 70 comment(s)
- Option Friendly Brokers 69 comment(s)
- FREE Trade For July 2010 Expiration 49 comment(s)
- What Is LVS Going To Do? 49 comment(s)
- Can I Make a Living Trading Options? 48 comment(s)
- Is This Really Bad Advice? 43 comment(s)
- Sample Iron Condor Trade 33 comment(s)
- Fee Trade: PCLN 28 comment(s)
- Credit Spread on AAPL 28 comment(s)
- Weekly Option Trade Setup 26 comment(s)
Iron Condor Trading
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how do you close or sell a butterfly?
Just do the opposite of what you did to get in.
Sell the longs and buy back the short option which was at the money.
Sell to Close Long Wing
Buy to Close Short Middle
Sell to Close Long Wing