Jeff 12:56 pm on Monday, June 13, 2016
Tags: ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

SPX puts spreads stopped

I am stopping out on three put spreads, details to follow. Not sure about rolls yet.

jsd501 1:12 pm on Monday, June 13, 2016

Good call on the VIX. I wonder how high it can go on this decline in the market?
Jeff 1:12 pm on Monday, June 13, 2016

#SPXcampaign Bought to close $SPX July 8th 1980/1955 put spreads for 2.85.
#ReverseRoll Sold to Open $SPX July 14th 2170/2195 call spreads for 2.20, 1.5x position size.

I used a reverse roll since premium on calls is jacked pretty high, and these strikes are far above all-time highs.

I ended up only closing one spread, which means I enter tomorrow with a few spreads on the 3.00-stop bubble.