I have a butterlfie spread which I’m looking to adjust the wing on the upper side the thing is that if I sell it I lose 450$ on that option and but the end profit is 650$ if I hold it till expiry so what is the point to adjust? If he cost of adjusting is the same as the max profit at that range ? Could be that the strikes that I’m selling basically is covering that loss ? Even though I still didn’t sell it?
It depends on the underlings and the strikes...Please be specific...I myself like to upload the specific trades for others to comment.