Jeff 7:48 am on Friday, June 9, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls stopped

#SPXcampaign Upside Warning doesn’t want to quit. Stopping with a small loss in this extra spread I sold on Wednesday. Will consider rolls later today.

Bought to close $SPX June 14th 2450/2475 call spreads for 4.95. Sold for 3.50 on Wednesday.

john4419 8:40 am on Friday, June 9, 2017

Jeff, I had followed you into the original trade at 3.50.
This morning I reversed engineered a roll by taking a chance that the HOD was around 10:30 2446 and opened 06/21 2455/2470 for 5.55. Bought the 06/14 2450/2475 @ 11.02 for 4.75…….Maybe not good practice but what the heck worth a try!
- Jeff 8:47 am on Friday, June 9, 2017
  
  You rolled up 5 points for a decent credit… not bad but you didn’t get a lot of extra space. Just be sure to watch the 6/21 spread and have a stop level in mind.
  
  (note: your post should say you BOUGHT to close the 06/14 spread)
  - john4419 8:51 am on Friday, June 9, 2017
    
    Thanks Jeff, Corrected. I will keep a tight stop on this
    - Jeff 9:38 am on Friday, June 9, 2017
      
      Your trade may have turned out to be the brilliant move of the week!