We have taken a small profit on our LLY put butterfly. The trade is running out of time with an expiration of Oct 3rd. While it could create more profit, the probability is now more on the side of it finishing OTM at a max loss. We will exit and look for new opportunities.
Sell to close: LLY Oct 3rd (weekly) 700.00 strike put (ratio of 1)
Buy to close: LLY Oct 3rd (weekly) 670.00 strike put (ratio of 1)
Sell to close: LLY Oct 3rd (weekly) 630.00 strike put (ratio of 1)
Credit: 3.50
Small profit of $0.30 per spread