rknight52 10:15 am on Wednesday, June 29, 2016
Tags: SPXcampaign ( 2,265 )

SPX call spread sold

Sold another call spread: Aug 5 2150/2160 @ 1.15 when SPX at 2063

rknight52 10:16 am on Wednesday, June 29, 2016

Sold another: Jul 29 2140/2150 @ 1.20 with SPX at 2063
Addy 11:04 am on Wednesday, June 29, 2016

is it easy closing it these, or you wait until it expires, or near expiration?
- rknight52 11:15 am on Wednesday, June 29, 2016
  
  I usually go ahead and set a BTC limit order in the range of 50-60% of the max profit. So far it hasn’t been difficult to close these. I am anticipating the market falling and these will likely close for profit at my limit order. I try to set them based on the chart technicals as well as looking at deltas. If they get tested I will likely sell a put spread to make an iron condor. Jeff has a different method for his #SPXCampaign which works very well for him. I am limiting my spreads usually to 10 points instead of the 25 points that many use as my available capital isn’t as high as some others here. Thus far in 2016 this has been quite profitable for me.
  - Addy 11:28 am on Wednesday, June 29, 2016
    
    I think you raised good point by closing these at 50-60%, I use the 25 points and closing at 80% profit as Jeff et al., saying this, I am closing BeCS 2-4 early for a profit of 80-90% in current situation. I found turning these to IC early is more profitable.

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