#SPXcampaign I’ve been rolling this one for a few weeks, started as the Aug 18th 2130/2165. I waited until one week before expiry and roll 5-points higher, adding an additional call or put spread as necessary to make up for lost premium in each roll.
This week is the first time I’m making the roll while the full spread is OTM. This allowed me to jump 15 points higher. Now I can roll the spread higher when and if the short strike becomes ATM.
Bought to close $SPX Sept 15th 2150/2175 call spreads for 6.00. Sold for 19.50 last Tuesday.
Sold to Open $SPX Sept 23rd 2165/2190 call spreads for 6.00.
Options Bistro 