Spreads versus Butterfly

Darnit! Close for $104 now or wait????? At this price tomorrow I pnl $170...on the 23rd $270...but if it keeps going up I lose -$200

 

Modality kills. You can buy dinner (no drinks).

 

Closed it...$90 lol

 

MARA NBBO is stupid.

 

yeah IBKR had my limit order @ .26...got filled @ .29
that seemed like a lot of work for $90 lol.

 

What was the size?

 

10/20/10

I think I'll sell a Aug30 20 call tomorrow...IBKR prices wiped but my spreadsheet estimates at 103% IV that it would be worth about .47*1500=$705. My break even would go down to 19.26 from 19.75 and I would get out of MARA and be able to move everything over to IBKR.

 

You spent $60 to transact this fly and net $30?

 

I know its a total racket. If I waited to tomorrow it could have cost me -$160 lol. This is why I only sell options typically...buying options is a fools errand.