We’re going to BUY TO CLOSE 2200/2190 Bull Put spread here. We sold this IC for 1.70 credit, closed the Bear Call spread for .40c and now closing Bull Put spreads for .40c
When we close this put spread, we will capture around 50% of Max profit in about 25 days.
.90(profit)/1.70(initial credit) = 52.3% (of max profit).
|IncomeLab Order Ticket|
|BTC||SPX||19 MAY 17||2200||Put|
|STC||SPX||19 MAY 17||2190||Put|