Since this trade was put on, the SPX has rallied 40 points, meaning that the snapback rally has moved harder higher faster than I'd thought.
The SPX is sitting right at 1960 which is about 10 points away from our short strike.
There are probably some rolls you could take... by buying this back and then going out and selling call spreads in December options. But that would require capital to be tied up and more time in the trade than what I'd like.
Instead I'll just bail here:
Buy to close SPX call spreads for 2.60
In hindsight... going a little further out in time, or going a little further out in price, or being much more picky about my prices would have helped the execution here.
Given the way I'm at max pain right here, the odds are the market tops out as that's how karma works. But I won't let this loser turn into a massive loser.