CLOSING : BOT +2 STRADDLE XLU 100 16 JUL 21 65 CALL/PUT @1.86 CBOE
Closing the short legs of the Iron Fly trade for profit. Will close the long leg separately.
It has been a good trade. Needed no management, no adjustments and the Theta decay helped here.
XLU stock is down 1.5% from when we opened the trade, but we are able to exit this neutral trade making more than 7% in 25 days
Profit : $144