XOM is hitting 97.50 on a big breakout, but since we have less than 30 days to expiration in January, there’s no good adjustment here.
I’d rather just take the loss and move on.
Sell to close XOM Jan 97.50/92.50/87.50 put butterfly at 1.05
Sell to close XOM Jan 90/95/100 put butterfly at 1.75
Total loss for 3 flys is around -350. Not that big, but the ugly part of it all was the fact that it took so long for this trade to “resolve.”