NaughtyPines

BOUGHT TO COVER GLD AUG 12TH 117/121 SHORT PUT VERT

AMEX:GLD   SPDR GOLD TRUST
With the short put wing of this Brexit wracked setup approaching worthless, I closed it today for a .04 ($4)/contract debit.

I then rolled the short call side out to the August 19th expiry to the 121/126 for a .50 ($50)/contract credit and (inadvertently) sold an overlapping short put spread against it for a .25 ($25)/contract credit. (This is what happens when you're busy and do stuff on the phone app ... ). Hopefully, price doesn't whip back into the put side, and I can fix the overlap with the next roll ... .
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