I appreciate your help, and I’d like to ask something about butterflies and iron butterflies and how realistic it is to exit them in real money.
Paper trading always exits at mid, so that doesn’t really show what happens :).
If anyone has actually traded both iron butterfly and butterfly, did you notice any real difference in how close to mid you can exit them for a small profit when you try to sell near the mid or just a few cents under?
I’d really appreciate hearing from people with real fill experience.
If I trade an iron butterfly on MSFT, AMD, MU, ARM around 30 DTE, is it realistic to expect to exit near mid, or do these usually fill only a few cents under mid in practice, or even worse?
Or is this something that mainly works on index products like SPY, QQQ, SPX?