Having legged into the September 42/46/50 call butterfly spread four times for 1.04 over the last few weeks, we have a chance to make as much as $1184 if the stock is trading around 46 when the options expire on September 16. The position would be profitable in theory with the stock trading anywhere between 43.04 and 48.96, but we lose outside of that range, although no more than $416 total no matter what. Do nothing further for now.
