SPX 01JUL 2-2-1

[IgorKeymaster]

SPX at 3903

I’m going to set up a trade that consists of:

(2) 25pt wide put debit spreads for around 2.00 debit
(1) Short OTM put that will cover the cost of the debit spreads.

If I’m paying 2.00 for the debit spreads (total of $400) then I need to sell one OTM put for 4.00 to cover the cost of these debit spreads.

Here’s what this looks like:

Risk Profile:

Order Ticket:

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