#SPXcampaign We are up only .25% on the day, and pushing higher. I don’t want my short 2210’s to fly up in price. So…

Bought to close $SPX Nov 25th 2210 calls for .85. Sold as the 2210/2235 call spreads for 1.50 on Oct 28th.

To offset the loss, I am closing my long Dec 5th call spread I bought for 1.90 on Monday. Closed some for 2.95, watching the rest for the next push up. I would keep this longer, but since it expires a week from Monday and is still fairly far OTM, I’m exiting now as a pullback could be coming next week.

Sold to close $SPX Dec 5th 2230/2250 LONG call spreads for 2.95.

I remain bullish into Xmas, but believe a pullback could be in the cards before another push higher. After Xmas, I will be on guard for January volatility, since we have seen that happen in the last THREE Januarys (2014,2015,2016).