{"id":9630,"date":"2015-07-02T10:20:06","date_gmt":"2015-07-02T14:20:06","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?post_type=topic&p=3869"},"modified":"2017-11-22T14:56:43","modified_gmt":"2017-11-22T18:56:43","slug":"aggressive-rollover-spread-sale-in-spx","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/aggressive-rollover-spread-sale-in-spx\/","title":{"rendered":"[CLOSED] – Aggressive Rollover Spread Sale in SPX"},"content":{"rendered":"

\"spx-chart\"<\/a><\/p>\n

I put this on because when we have volatility pivots like we did on Monday, they rarely are one off events. And after the S&P has retraced over 50% of the ugly bar from Monday, now is a good risk\/reward setup to sell some call spreads.<\/p>\n

Here’s the trade:<\/p>\n

Sell to open HALF SIZE SPX Jul2 2120\/2125 Call Spread for 1.00<\/p>\n

ADD to the trade at 1.60<\/p>\n

CLOSE at 0.30<\/p>\n

BAIL on close above 2120<\/p>\n

For the Interactive Brokers people out there…<\/p>\n

Short SPXW150710C2120
\nLong SPXW150710C2125<\/p>\n

\"spx-risk\"<\/a><\/p>\n

This is an AGGRESSIVE trade because we have CATALYST RISK going into the weekend with the Greek referendum. But I believe that it’s a high odds trade to have the open from Monday hold as a key resistance level.<\/p>\n

\n

Update: July 6th, 2015<\/h2>\n

The gap down really helped the trade, and the spread is nearly worthless now.<\/p>\n

Buy to close SPX Jul2 2120\/2125 Bear Call Spread @0.10<\/p>\n

\n

Margin and P\/L<\/h2>\n

Margin: 400<\/p>\n

Enter at 1.00, Exit at 0.10<\/p>\n

P\/L 90<\/p>\n

RoR 22.5%<\/p>\n","protected":false},"excerpt":{"rendered":"

I put this on because when we have volatility pivots like we did on Monday, they rarely are one off events. And after the S&P has retraced over 50% of the ugly bar from Monday, now is a good risk\/reward setup to sell some call spreads. Here’s the trade: Sell to open HALF SIZE SPX […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":2,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":1,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[29,27],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9630"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=9630"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9630\/revisions"}],"predecessor-version":[{"id":10011,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9630\/revisions\/10011"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=9630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=9630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=9630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}