October Portfolio Insurance Play

Portfolio Insurance: Bought 2 $SPX October 1825/1800 Debit Put Spreads + Sold 4 $SPX October 1625/1600 Credit Put spreads.

— The Lazy Trader (@lazytrading) June 28, 2016

I'm using regular October expiration options.
Net Debit: $170.
Max Risk: $5,170 with SPX below 1,600

(Click on image to enlarge)

Trade Update - October 21, 2016

The position expires worthless. A $170 loss.

Check out 2016 Track Record

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