Replies to post #2651 on Snack info board

[Lord DarkHelmet]

lolzzzzz...

I guess I read sarcasm in your tone. Sorry. Nevertheless, that is why it is a good strategy. The underlying moves significantly against you, yet not much pain.

Anyway, Close it just as you opened it. Depending on your trading platform, enter a butterfly, but change the "action" of each leg...

SPY Oct 131 "sell to close"
SPY Oct 136 "buy to close"
SPY Oct 141 "sell to close".

You can do it as 1 order. Check your trading platform and play with it...just don't execute the order.