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Home › Forums › Member Trades › BBTrader’s Spread Sales › XLE Mar 80/85/90 Call Fly recommended to me by Steve
I put on a couple of these flys on this morning as a low risk trade in case energy bounces. Steve discussed this in the chat this morning
XLE Mar 80/85/90 Call flys – I got a couple for .74 debit
Added 2 lower call flys: XLE MAr 77/82/87 for .75
Added 2 contracts of 3rd Call Fly 74/79/84 for $1.02 debit
Closed upper Call Flys 80/85/90 for .83 credit. Trade now looks like this:
Adjustments to Mar XLE BFY:
Sorry I did not post this: On Jan 5th, 9:05 am CST I closed the upper Mar Call fly 77/82/ for $1.80 credit and the profile looked like this at that time:
Today I adjusted the trade by making a Call Condor by adding adding 2 contracts of the 69/74/79 Call Flys for $1.05 debit. The trade now looks like this:
Maybe we could discuss this one. I didn’t really get it. I trade XLE all of the time.
Closed out trade for +37% ROM