Free roll for the rest of the week
Amazing week so far as we smashed puts from Friday for a nice double in 2 days, and we went long VIX at 13.09. Got another one for you but size down since we dont like to give back gains.
Take a portion of your profits from this weeks 4500 puts, and put them into 4500/4550 call spread for Sept 15. I thought today had a good chance of being a decent low for a couple days if not into the OPEX. Price was 13-14 ish at the close, max payout 50 of course. Remember SPX options trade almost 24 hours, liquidity is shit before European open at 3am EST so always limit orders before then.
Stop below 4440 SPX, these can go to 0 no big deal if so, but we could also rally on jobs data and into OPEX.
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