We’re going to BUY TO CLOSE 2275/2265 Bull Put spread with 24 days until expiration. This leaves 2465/2475 Bear Call spread.
We might sell another round of puts but with time running down we’d have to trade closer to ATM and risk/reward may not make sense. Best case for this trade is to BTC call spread for .40c or less to close out this trade.
| IncomeLab Order Ticket | ||||
| Type | Asset | Duration | Strike | C/P |
|---|---|---|---|---|
| BTC | SPX | 23 JUN 17 | 2275 | Put |
| STC | SPX | 23 JUN 17 | 2265 | Put |
| Total Debit: | $0.25 | |||