Jeff 8:50 am on Friday, March 11, 2016
Tags: SPXcampaign ( 2,265 )

SPX roll calls

#SPXcampaign Sold to Open $SPX April 8th 2050/2075 call spreads for 8.10. Yes, I am still fighting the cup trend… this is a roll from previously stopped call spreads. Stop will be 2030. Will try to exit when price of spread drops below 4.00.

Sam KS 3:13 pm on Friday, March 11, 2016

Jeff, what is your idea behind rolling at later time instead of rolling at the time of closing the position?
- Jeff 3:21 pm on Friday, March 11, 2016
  
  During a rally such that we are in, it is likely we will see higher prices at a future date, so waiting positions you better than doing it immediately. Also, I will often “reverse roll,” where I sell puts on down moves.