BUY TO CLOSE 13 February SPY 137 CALL @0.08
SELL TO CLOSE 13 February SPY 139 CALL @0.00
The initial trade had been entered for a CREDIT OF 0.19. Closing the spread for 0.08 debit, results in a profit of 0.11. In 13 contracts per leg = 13 * 0.11 * 100 = $143. See order execution below.
(Click on image to enlarge)
With the markets in rally today, SPY over 136 and one day left in the expiration cycle, the spread looks threatened. So, I decided to play it safe and sleep well.
This culminates the February trading cycle. With 3 little winners. Not the best month, not what I was hoping, but got to manage the unstoppable markets rally with success. I'm proud of that.
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