Butterfly Spread Option Trade Update

Butterfly spread option trading strategy

Here is the third installment of the JNJ and MCD butterflies.
Here is how they are both doing after adjustments.

Got any questions about the video? Go ahead and leave your notes in the comments section below.

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  1. richard Slater on December 5, 2011 at 10:26 pm

    how do you close or sell a butterfly?

    • Genius on December 8, 2011 at 12:31 pm

      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

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