Jeff 12:45 pm on Thursday, March 17, 2022
Tags: SPX1dte ( 1,714 )

SPX 1-dte

#SPX1dte Sold to Open $SPX Mar 18th 4270/4290-4490/4510 condors for 1.35, SPX at 4406, IB 28.1%, deltas -.07 +.06.

Whitemare 9:14 am on Friday, March 18, 2022

Would you think of using a broken wing butterfly as an adjustment for an SPX bear call spread? I have a -4330/+4455 March 25 expiry SPX bear call spread. Wary of the rally continuing. Can I buy a call broken wing butterfly of +4425 / – two 4440 / + 4460 for a credit . Now I will have instead a Bull Call spread of +4425 /-4430. That will give a cushion. But higher, I will have more risk: I will have two paired Bear Call spreads of -4440/ + 4455 and -4440 / + 4460. Any thoughts on this tactic? thanks (sorry if I have posted twice….)
- Hawk 11:46 am on Friday, March 18, 2022
  
  for the bear call spread, was it 4330 or 4430?
Whitemare 12:12 pm on Friday, March 18, 2022

4430 (phew, thanks for catching that)
- Hawk 12:37 pm on Friday, March 18, 2022
  
  please see my reply to your question on the top of the page
- Jeff 12:43 pm on Friday, March 18, 2022
  
  You can try these types of adjustments, but I typically have a stop level and just close for a loss.
Whitemare 2:20 pm on Friday, March 18, 2022

Thanks for the responses. Sorry I posted the question a couple of times under different usernames as I am trying to figure out which is correct wordpress login I need to use……..
- Hawk 4:00 pm on Friday, March 18, 2022
  
  So did you see my post near the top to answer your questions?

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