SPX March Weekly Iron Butterfly Exit Order Filled. To recap Saturday's article, exit order was in at the open this morning to close this position for 13.00 debit. At 9:36 am EST, with SPX at 1548.72, the order executed. Net gain $150 per contract, or 5% maximum allocated capital. This was our target for this position.
It is always recommended to have a closing order in before the open. Just 30 minutes after exiting this position, the closing price has gone back up to 13.40, which would have reduced the gain on this position by $40.
Next trade entry for the March4 cycle will either be Thursday or Friday, March 14 or 15.
Have a great trading week, everyone.