Borrowing a TastyTrade idea for a downside hedge: Bought $SPX Feb 20 6575/6600/6925 put butterfly @ .35 debit.
Daily Archives: Monday, December 22, 2025
SPY
Taking about 40 percent 60 days early.
Bought to Close SPY Feb 20 2026 610.0 Put @ 2.15 (sold for 4.00)
Bought to Close SPY Feb 20 2026 615.0 Put @ 2.35 (sold for 4.00)
Bought to Close SPY Feb 20 2026 620.0 Put @ 2.60 (sold for 4.20)
SPX
Finally got ’em all back except for my Jan 6900 strike lid. 🙂 🙂 Reloading but leaving a few uncovered.
SPX:
Bought to Close SPX Dec 22 2025 6825.0 Puts @ .25 (sold for 101.90)
Bought to Close SPX Dec 22 2025 6825.0 Puts @ .25 (sold for 96.30)
Bought to Close SPX Dec 22 2025 6840.0 Puts @ .25 (sold for 15.70)
Bought to Close SPX Dec 22 2025 6850.0 Put @ .40 (sold for 14.20)
Sold SPX Dec 23 2025 6850.0 Puts @ 4.70
Covered call position during a takeover?
Does anyone know what happens to a covered call position during a takeover?
Example:
Stock price – $28
Short call – @32
Takeover price – $30
I understand that shares will be sold at $30 and removed from the account.
But what happens to the calls?
Options Bistro 