Buying back SPX JUL 2210/2220 bear call for .35c or 63% of max profit:
BOT +5 VERTICAL SPX 100 JUL 15 2210/2220 CALL @.35 CBOE
NOTES: I’m looking for SpX to put in a higher low and rally
that’s when i’ll look to sell another bear call vs bull puts that i’m holding. If we continue lower I will use OTM options to cut delta and slow down action on the downside.