NaughtyPines

SOLD JUNE 3RD 196/200 SHORT PUT VERTICAL

AMEX:SPY   SPDR S&P 500 ETF
I'm adding on a touch of long delta here so that my core SPY             position doesn't stray too far to the negative side. The first thing I looked at, however, was whether I could peel off some short call spread action to balance instead, but most of the spreads have not yet decayed enough to make that worthwhile ... .

Filled for $41/contract ... .
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