NaughtyPines

Opening (Margin): SPX July 21st/August 18th 4400 Put Calendar

NaughtyPines Updated   
SP:SPX   S&P 500 Index
... for a 24.20 debit.

Comments: With SPX IVR at nearly the bottom of its 52-week range, selling the front month 40 delta and buying the back month same strike, looking for an IV expansion over the life of the setup.

Will look to take profit for about 110% of what I put it on for (i.e., a 26.62 credit).
Trade closed manually:
Money, taking, running ... . Closed for a 25.95 credit. 1.75 ($175) profit.
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