This adjustment was done to remove some of the short NET delta. I dont plan on rolling this trade unless there’s a fast move to the upside as I mentioned in the comments of my adjustment. Based on price action of last couple of days, I think we move higher so I didnt want to be short if SPX takes out recent highs. Buying calls farther out in time work just as well, I just dont think that a 10 delta call will get hit with decay really hard with 28 days to go. To calculate NET delta of your position you want to add up all deltas of your short strikes and long strikes and multiply by the number of contracts. This is what P/L graph looks like after the adjustment. As you can see the slope is pretty smooth in both directions, that was my adjustment goal.
