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|
|BTC||SPX||23 JUN 17||2275||Put|
|STC||SPX||23 JUN 17||2265||Put|