WBA/Wing - At this point, with WBA at $55 and the spread at net $13.50 out of $15, there's not much to squeeze out of it over 18 months (10%).  You can leave the $35 puts to die and close the $30/45 spread.  As a new trade on WBA, now that we're realized more value, let's add this one to the Butterfly Portfolio:

• Sell 10 WBA 2023 $45 puts for $4 ($4,000) 
• Buy 25 WBA 2023 $50 calls for $8.60 ($21,500)
• Sell 25 WBA $60 calls for $4.40 ($11,000) 
• Sell 10 WBA July $52.50 calls for $3.50 ($3,500) 

That's net $3,000 on the $25,000 spread that's half in the money and, since we're selling $3,000 worth of calls (but only $1,500 in premium) in the first 57 days out of 610 we have to sell, you can see how this can end up being very profitable over time.  

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