SOLD -5 VERTICAL SPX 100 JUL 15 1980/1970 PUT @.90 CBOE
Credit: 1.35
Margin: 8.65
ROR: 15.60%
DTE: 50
I plan to roll up and double the size of original bear call to 10 contracts if/when 2210 call’s delta gets to 25. On the downside I’ll use a speed bump if SPX starts to sell off.
