Jeff 11:31 am on Wednesday, December 13, 2023
Tags: RiskReversal ( 86 ), SPX1dte ( 1,714 )

SPX trades 12/13

#SPX1dte Unable to sell any puts as market just ran. Profit is availabe on the #RiskReversal I sold yesterday… gonna try to pick a top.

Jeff 11:36 am on Wednesday, December 13, 2023

Sold about a third of my position for 2.60…. $SPX Dec 13th 4700/4720 call spreads, entered yesterday in Risk/Reversal for .50 debit.
- Jeff 11:39 am on Wednesday, December 13, 2023
  
  Sold next batch for 3.50
  - Jeff 11:57 am on Wednesday, December 13, 2023
    
    Sold last batch for 6.00. So avergae price of 4.03, or +3.53 profit on the position.
    - Jeff 1:12 pm on Wednesday, December 13, 2023
      
      Looks like the top on this spread was 9 dollars and some change, and closing price would have been 7.09. Guess I can’t hope for much better than my 4.03 average, given the number of times long options lose all of their profit quickly and expire worthless.

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