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April 25, 2016 at 10:44 am
#5577
IncomeLab (Old)
Participant
Nishant,
1860/1850 Bull Put trading around .35c – if you can buy to close that it’s a good exit. As far as hedge goes, you can expect it to lose some value but your short Bear Call is making up for it as SPX is pulling back. IF you do close your bull puts, dont rush rolling them up, maybe go 1/2 size at around 12 delta put.