We took profits in our GLD put butterfly today. This trade was a little mis-timed in the short term. However, ultimately the trade played out somewhat as expected.
Sell to close: GLD Mar 21st (monthly) 235.00 strike put (ratio of 1)
Buy to close: GLD Mar 21st (monthly) 220.00 strike put (ratio of 2)
Sell to close: GLD Mar 21st (monthly) 205.00 strike put (ratio of 1)
Credit: 2.95
Profit of $0.90 or $90.00 per spread traded