September Portfolio Insurance play

Bought September $SPX 1825/1800 Debit Put spread (3.00 debit) x 2. Sold 1625/1600 Credit Put spread (1.10 credit) x 4. 2:4 ratio

— The Lazy Trader (@lazytrading) May 16, 2016

I'm using regular September expiration options.
Net Debit: $160.
Max Risk: $5,160 with SPX below 1,600

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Trade Update - September 16, 2016

Position expires on expiration day. $160 loss.

Check out 2016 Track Record

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