Fading the Utes: Execution Update
Updated pricing for the modified XLU call butterfly option.
Update as of market close on May 20th.
As indicated in the Monday note, I put on the XLU structure ahead of the close today. Please note that executing this strategy requires a degree of patience. I would recommend inputting the 3 legs of the trade separately (rather than as a combination order).
In an ideal world, executing structures like this works b…