I’ve been messing with SPX off and on for a year or so mainly with 60-90 day positions well out of the money. Making a little here and there but can’t decide if it’s worth the effort for the return I’m getting…especially with these seemingly impossible crazy moves we’ve gotten. Taking a step back for now…

Bought to Close SPX SEP 30 2016 2225/2250 Bear call spread @ 6.90 (sold for 2.25)
Bought to Close SPX OCT 31 2016 2250/2275 Bear call spread @ 6.30 (sold for 2.50)

Net loss on these 2 positions of 8.45. Only other position is twice as many Aug 31 1900/1775 put spreads where I’ve been rolling up the short side. Net credit on those is 4.30 at twice the size of the calls so bringing in 8.60. This was my intended stop point…when the call losses equaled the max possible put gains I would close. Risking a whipsaw here but could reload the calls if needed. I’d prefer the puts expire and walk away with a wash though…we’ll see!