Igor, when we closed 1 of the 2155 CALLs (upside management when the Delta of those CALLs hit 20), we cut the net Delta of the position in half.
I had 15 ICs, so to cut my net delta half it was not enough to buy back 1 of the sold CALLS. I had to pick up 10 more long deltas what I achieved by buying 1 JUN03 2185 CALL (which was the 10 delta call at the time).
I bought that CALL for 2.7 $, with the SPX moving lower around 50 handles that CALL is currently worth .30 c. Should I close it here or just leave it on?
My guess is to leave it but what would you do?