We have a pending order to take profits in our Apple (AAPL) put butterfly if it can hit our price.
Sell to close: AAPL Dec 15th (monthly) 175.00 strike put (ratio of 1)
Buy to close: AAPL Dec 15th (monthly) 165.00 strike put (ratio of 2)
Sell to close: AAPL Dec 15th (monthly) 155.00 strike put (ratio of 1)
Credit: 2.20
If filled, this would lock-in a profit of +0.88 or +$88.00 per spread.
