BUY TO CLOSE 15 November SPY 137 PUT @0.31
SELL TO CLOSE 15 November SPY 135 PUT @0.17
The initial trade had been entered for a CREDIT OF 0.26. Closing the spread for 0.14 debit results in a 0.12 profit. In 15 contracts per leg = 15 * 0.12 * 100 = $180.
As analyzed over the weekend, with two Bull Put spreads I decided to close the most threatened one and this way I'm reducing downside exposure. I could have closed for a better price later in the day but I'm happy leaving with a 0.12 profit.
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