NaughtyPines

Closing (IRA): SPX June 18th 3845/3895 Short Put Vertical

TVC:SPX   S&P 500 Index
... for a 2.90 debit.

Comments: This isn't quite at 50% max (See Post Below), but taking profit here on this up move/volatility contraction with 24 days to go. In for 5.10, out for 2.90; 2.20 ($220) profit per contract.
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