Registered: Mar 2007
08-30-12 03:29 AM
Quote from cdcaveman:
So you have a long position in the stock.. you can very easily sell the synthetic equvalent in options and lock in your gain into a conversion... is there a way to close out a butterfly respectively? if i close a buttefly in the same day i open it.. i will automatically get pattern day trade trigger.. just curious here.. is there no offsetting neutralizing trade?
Sure, if in a call fly you can close with a put fly, and vice-versa.