Expiration

NFLX #IronCockroach  Dec 18, 515 / 520 Call credit spread + 510 / 500 Put credit spread @$6.31 credit for the combo. Put credit spread expired worthless, Call expired ITM so max loss of $5.00, offset by the combined entry credit of both spreads of $6.31, so net credit of $1.31.

RH #BWB 410 long put expired worthless. This is the leftover leg of the 460/440/410 BWB. I closed out the 1x 460 / 2x 440 put spread for a credit of $8 on Wednesday. I highlight the amazing move of RH on Friday that went from $435 to $455. I thought I’d missed a chance for a $20 closeout on butterfly, closing out for $8 – but as I kind of thought, anything can happen on expiration Friday. So note to self, bird hand better than bird bush.