Opening (Margin): SPX June 16th/July 21st 4120 Put Calendar
... for a 28.95 debit.
Comments: Selling the front expiry 40 delta, buying the back month same strike here, looking for an expansion in IV at some point. Will look to take profit at 110% of what I put it on for or otherwise roll out the short put on approaching worthless to reduce cost basis in the setup.
Comments: Selling the front expiry 40 delta, buying the back month same strike here, looking for an expansion in IV at some point. Will look to take profit at 110% of what I put it on for or otherwise roll out the short put on approaching worthless to reduce cost basis in the setup.
Trade closed manually:
Out for a 30.60 credit at the open; 30.60 - 28.95 = 1.65 ($165) profit; 5.7% ROC.