#SPXcampaign With Futures down and a weak open, I rotated some positions out of puts. I may only be talking my book, but I still sense we have lower to go. The chart I posted yesterday shows most of these double-header downside warnings take us down to the previous low (2532) or lower. Yesterday’s low was still 5% above that low.
Sold $SPX March 23rd 2790/2765 put spreads for 22.00. This is the ITM position I originally sold in early Feb. Closed the March 9 roll yesterday and now rolling 2-weeks further.
Stopped Apr 6th 2550/2525 put spreads for 4.30. Sold for 2.00 as a roll on Wednesday.
#ReverseRoll Sold March 5th 2700/2725 call spreads for 3.10, 1.44x position size.
Stopped March 23rd 2525/2500 put spreads for 3.15. Sold for 1.70 on Feb 20th. Cued up some March 29th lower put spreads for a roll. Will fill if we go lower.
Sold March 2nd 2660/2685 call spreads for 8.25. Nail-biter of a day trade.