#SPX1dte. This is a rough week. Notice how I tried to get long yesterday and it reversed on me? So I go neutral today and it blows up in my face? The best hope I have for the week will be break even.
Bought to close $SPX Aug 23rd 4335/4355 call spreads for 3.40.
There is about a 90% certainty that this spread will drop below 2.00 at some point and about 50% certainty it will expire worthless. But even a 10% possibility that the rally at this moment won’t stop until the spread is over 5.00 means I have to throw in the towel and take the chunky loss.
And sure enough, by the time I finished typing this, the price dropped .80 lower than the price I paid. Very frustrating week.
Options Bistro 