SPX moved +30 points since entry and 2460 call delta around 20. We’re going to make an adjustment on the upside. To make an adjustment, we need to see what is our NET delta exposure of this position. We’re currently short about 40 SPX delta. The goal of this adjustment is to remove 50-60% of NET delta. We’re going to add about 25 delta by buying TWO 12-13 delta calls.
|IncomeLab Order Ticket|
|BTO||SPX||21 APR 17||2480||Call|