... 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).
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.