JLJ002500
Short

SPY Call Credit Spread (Short at $208)

AMEX:SPY   SPDR S&P 500
May credit spreads expired. Good R/R on August options (for a credit spread)...close to 1/1. My break even is at SPY=$210.20.

While my hypothesis has been evolving, I still see SPY             as volatile. The August options provide some flexibility to adjust if prices go up to $208-212 range and continue to profit if SPY             stay in current range.

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