When you absolutely, positively have to lose your profits overnight

#Earnings FedX trade turned sour… the peril of choosing to hold onto an #IronButterfly that is perfectly centered on Wednesday, for hopes of more decay and bigger profits on Friday…. BUSTED!

Closed the short calls for .60 yesterday, which was meant to protect me from upside but instead increased my loss. Total loss on trade will now be 1.50 rather than .90. Oh well. Not interested in taking assignment with the market uncertainty.