SPX calendar

The 4500 calendar series I started on Monday was busted spectacularly… I was away from desk in the morning and most afternoon. Could have closed it yesterday for 15 gain yesterday if I hadn’t rolled it into diagonal…

Before the close, I ended up selling 2/1 of 4515/4540 calls to get $5.85, to take the remaining premium on 4500 off the table, and turned it into a Feb 22 4500/4515/4540 BWB.

The whole trade so far has collected $1.8 only, and the remaining BWB could expand if SPX reverses and runs back up there, I doubt it, but it costed me nothing.