Description
⋅ Comments: Starting to ladder out in second quarter contracts here, targeting the <16 delta strike paying around 1% of the strike price in credit.
Received 2.72 in credit for the April 270; 2.65 for the May 257.
Trade active
⋅ Closed the April 270 rung for a 1.28 debit. 2.72 - 1.28 = 1.44 ($144) profit.
Trade closed manually
⋅ Closed the May 257 for a .68 debit. 1.97 ($197) profit.