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SPX at 3979
This is a new weekly 112 Bear Trap:
Risk Profile:
Order Ticket:
SPX at 3900
This trade has 8 days until expiration and we’re trading back towards the trap. We can either end up in the trap or outside the trap at expiration and I am going to cut the size of the trap a bit in exchange for a potentially bigger profit outside of the trap.
I’m closing 3 of 5 PDS here
Risk Profile:
Order Ticket:
*** Filled for 12.00 credit
SPX at 3964
This trade has 2 days left until expiration. I’m going to go ahead and close out the OTM short puts
Order Ticket:
So I did the same with some 3270’s (99%) yesterday, thinking I’m probably overreacting as it more than likely won’t visit there in the next 3 days. However, I also wanted to just free up some BP for my remaining positions. I keep asking, was it worth paying the fee to close it out…
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