With Google drifting down to the $1010 strike on which our November butterfly was centered, we couldn’t have asked for more favorable conditions to exit the position.  Check out today’s GOOG update for specific details. Based on yesterday’s closing marks, the position would have produced a $6000 profit for subscribers who were able to leg into it as detailed in a tout published here five weeks ago. The stock was trading below $900, so our bet was a bullish longshot.  Our strategy called for buying eight call spreads (November 1000-1010) on weakness, then selling eight bear call spreads (November 1010-1020) against them when the stock rallied. The two vertical spreads combined to yield ta butterfly position carried at a net CREDIT of $3.00. This guaranteed a profit of at least $2400 no matter what the stock did, and a maximum payoff of $10,400.