out of $SPX 1880/1885 January Bear Call spread for 0.15 debit. Net profit 0.45, with 30 days to expiration. Will reload on a market rebound
— The Lazy Trader (@lazytrading) December 17, 2013
The 1880/1885 Call spread had been entered for a 0.60 credit. Closing it for 0.15 debit represents a 0.45 profit ($180 for 4 contracts per leg). That's 75% of its maximum profit potential 30 days before expiration. I did this as I plan to reload on Calls once the market rebounds. If the market doesn't rebound until expiration, well, so be it.
After this trade these are the current positions in the portfolio:
SPX 1675/1680/1850/1855 Iron Condor ($425 credit)
SPX 1600/1605 Bull Put Spread ($80 credit)
These two will expire on December 20 for full profit. Three days from now.
SPX 1645/1650 Bull Put Spread ($80 credit)
RUT 990/995 Bull Put spread ($120 credit)
These two looking very comfortable way far from current price levels.