Addy 9:35 am on Tuesday, January 16, 2018
Tags: BullPutSpreads ( 150 )

#bullputspreads STO SPX 2 MAR…

#bullputspreads
STO SPX 2 MAR 18 2695/2595 BuPS @7.00

Jeff 9:43 am on Tuesday, January 16, 2018

Looks like these are working for you. What is your planned stop/roll plan for these if we go into a correction?
- fuzzballl 9:54 am on Tuesday, January 16, 2018
  
  Good question. Hopefully a bail out plan if the plane is on fire. A Fuzzy might be a safer way to play it to the long side.
  - Addy 2:38 pm on Tuesday, January 16, 2018
    
    Fuzzyball, I need to learn your way of trading it. I am going to trade it soon. Do you use it as a debit? example
    buy 2270 call
    selling 2770 put
    Buy a put 2760
    Then how you hedge 1 week ahead with a call? right)
- Addy 2:29 pm on Tuesday, January 16, 2018
  
  not today, but I am nearly 100 point away when I sold them. The plane is 50-60% to close.
  - Jeff 6:04 am on Wednesday, January 17, 2018
    
    Do you mean if the spread value increases by 50-60%, you will close the trade and take the loss? So if this spread hits 10.50, that’s your stop?
    - Addy 1:22 pm on Monday, January 22, 2018
      
      only $500.00 loss is the rule per Larry

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