#spycraft Closing out the put…


Closing out the put side of the Jan 19 IC at 260/256. Currently going for 0.03. Removes a lot of the downside risk and if we get above 275 will have decent profit on the call side now. Max risk to downside with the puts closed is now $1110 on 5 contracts plus the 6 longs from this morning. If we start pulling back will close the long while it is still worth something then handle the short call spread like a regular credit spread.

Going out to play in our 11 inches of snow now!