NaughtyPines

BOUGHT TO CLOSE SPY MAY 27TH 197/201 SHORT PUT VERTICAL

AMEX:SPY   SPDR S&P 500 ETF
With 7 days to go, I'm closing this iron condor wing at 50% max profit ($24/contract), leaving me with the short call wing (the short option of which is at 208) to deal with going into expiration.

Because the short call side is a rolled spread for which I paid a debit, I'm looking to get out of that side at near max ... .

Naturally, I'll roll that side again and sell and oppositional side against to finance it or otherwise delta balance it.
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