OptionsXpress (OXPS) NOV $30 Iron Butterfly Options

Shares of OptionsXpress (NASD: OXPS) appears to be trading at the $30 resistance level. Both the November at-the-money calls and puts are currently $0.80 a piece.

With less than 10 trading days to go before options expiry, the time decay on these options is at its highest now.

Going to enter an iron butterfly spread with strikes at 27.5 – 30 – 32.5

Wish me luck!!

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No Responses to “OptionsXpress (OXPS) NOV $30 Iron Butterfly Options”

  1. Early Exit for OXPS Iron Butterfly « Trading Options Says:

    […] Two weeks ago, I entered an iron butterfly spread on OptionsXpress (OXPS) with the middle strike at $30. As of yesterday, I thought the best I could muster will be to breakeven on this one coz OXPS was trading at $28 and only a few trading days remain before the November options expire. […]

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