NaughtyPines

BOUGHT TO COVER SPX AUG 12TH 2100/2115 SHORT PUT VERT

TVC:SPX   S&P 500 Index
With 4 DTE left in this troubled post-Brexit setup and the short put side nearing worthless, I bought to cover it for a .15 ($15)/contract debit, rolled out the short call side from the Aug 12th 2145/2160 to the Aug 26th 2155/2175 for a .55 ($55)/contract credit, and sold a 83% probability of profit short put vert against in the same expiry for an additional 1.05 ($105)/contract in credit, leaving me net credit on the roll and with an Aug 26th 2120/2130/2155/2175 iron condor.

Still looking to exit this for scratch or better, but have to pour through the chain to calculate my scratch point ... .
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.