NaughtyPines

ROLLING: SPY DEC 284/288 SHORT CALL VERTICAL

AMEX:SPY   SPDR S&P 500 ETF TRUST
... to the 277/281 short call vertical in the same expiry for a .50/contract credit.

Notes: A SPY core position management trade. Rolling the farthest out-of-the-money short call vertical of my core position defensively, cutting long delta a little bit. The entire position remains net long delta to accommodate a potential bounce running into expiry.
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