Demo-Trading:
BUY TO CLOSE 14 June SPY 127 PUT @0.68
SELL TO CLOSE 14 June SPY 125 PUT @0.47
Debit: 0.21
As planned during the Weekend Portfolio Analysis, I'm closing the SPY 125/127 Credit Put Spread as soon as it is within the price range I'm happy with, while reducing the downside exposure of the portfolio.
The initial trade had been entered for a CREDIT OF 0.42. Closing the spread for 0.21 debit results in a profit of 0.21. In 14 contracts per leg = 14 * 0.21 * 100 = $294. See order execution below.
(Click on image to enlarge)
Check out Demo-Record
BUY TO CLOSE 14 June SPY 127 PUT @0.68
SELL TO CLOSE 14 June SPY 125 PUT @0.47
Debit: 0.21
As planned during the Weekend Portfolio Analysis, I'm closing the SPY 125/127 Credit Put Spread as soon as it is within the price range I'm happy with, while reducing the downside exposure of the portfolio.
The initial trade had been entered for a CREDIT OF 0.42. Closing the spread for 0.21 debit results in a profit of 0.21. In 14 contracts per leg = 14 * 0.21 * 100 = $294. See order execution below.
(Click on image to enlarge)
Check out Demo-Record
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