Option Iceman 1:00 pm on Wednesday, May 22, 2024
Tags: kickthecan ( 20 )

SPY Expiration

1 SPY May 22 2024 524/527 Bull Put Spread – sold on Monday at $0.49
1 SPY May 22 2024 536/533 Bear Call Spread – sold today at $0.50

walter6871 4:57 pm on Wednesday, May 22, 2024

are you targeting certain money amount /delta /or time?dte?
- Option Iceman 6:06 pm on Wednesday, May 22, 2024
  
  Primarily using Put ladder strategy but almost never go out more than 5 days.
  I scale down the short put strike as I move out in time.
  
  Not a lot of risk because:
  
  I’m carrying a bunch of deep in the money Bear Call spreads that I try to roll up by going out a month or two, so a big pullback would really help me.
  I try to avoid adding any more Bear Call spreads unless we are sitting at all time highs.
  
  I’ve got one SPY 537/529 Bear call spread that I would love see expire tomorrow.
  I’ve rolled it up and out at least 3 times already.
  Wrote the short call for $4.09.
  
  It is paired with a 523/526 Bull Put spread so I will likely have to roll either the put or the call position at the close tomorrow unless we end between 526 and 529.
  
  #KickTheCan
walter6871 2:32 am on Thursday, May 23, 2024

thanks

was just curious.

Yeah kind of like spinning plates on a stick, a little attention to each one.
I call some of these “problem children”. So not long complicated explanation to my wife.

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