We are taking profits on the butterfly spreads in XLE and SNOW.We have closed the remainder of our butterfly spreads on XLE for a profit as follows:
Sell to close: XLE Jan 16th (monthly) 46.00 strike call (ratio of 1)
Buy to close: XLE Jan 16th (monthly) 48.50 strike call (ratio of 1)
Sell to close: XLE Jan 16th (monthly) 51.00 strike call (ratio of 1)
Credit: 1.68
Profit of $1.11 or +$111.00 per spreadWe have closed SNOW butterfly for a profit as follows:
Sell to close: SNOW April 17th (monthly) 220.00 strike put (ratio of 1)
Buy to close: SNOW April 17th (monthly) 190.00 strike put (ratio of 2)
Sell to close: SNOW April 17th (monthly) 160.00 strike put (ratio of 1)
Credit: 7.20
Profit of $1.85 or +185.00 per spread
