We’re going to move strikes to:
2355/2350 Bull Put spread
2485/2490 Bear Call spread
| IncomeLab Order Ticket | ||||
| Type | Asset | Duration | Strike | C/P |
|---|---|---|---|---|
| BTO | SPX | 12 JUL 17 | 2490 | Call |
| STO | SPX | 12 JUL 17 | 2485 | Call |
| STO | SPX | 12 JUL 17 | 2355 | Put |
| BTO | SPX | 12 JUL 17 | 2350 | Put |
| Total Credit: | $0.90 | |||
Credit: .90c
Margin: 4.10
Profit Target: .60c
MAL: -1.20
*If either side of this IC goes to .05c – this is a good way to leg out of the trade. This IC has a 30-day duration and there will be NO ADJUSTMENTS.