Small Account Trader PRO Alert: Open New XLF Trade

Let’s get back into another financial ETF (XLF) broken wing butterfly today ahead of next week’s Fed meeting. We will go out 16 days to 11 Nov but plan to close the trade by Tuesday or Wednesday morning.


NEW TRADE:  Open Broken Wing Butterfly


SPDR Financial ETF (XLF):  33.17


TRADE ACTION:  OPEN the XLF 34 /29 put and the 34 / 34.5 call broken wing butterfly for a net credit of 1.38

BTO the XLF 11 Nov 29 put

STO the XLF 11 Nov 34 put

BTO the XLF 11 Nov 34.50 call

STO the XLF 11 Nov 34 call


The Master Portfolio is trading 5 contracts.