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5/18/2022 (11:30 am, PT)
sell -1 May 18, 2022 3900 put at $1.42 (prob ITM 8.59%)
buy +1 May 18, 2022 3840 put at $0.17 (prob ITM 1%)
- net credit: $1.25
- 0 DTE
- SPX = 3943 (-145)
5/18/2022 (12:07:43 pm, PT)
buy back the entire spread at $1.20
This trade was heading in the wrong direction, so all I wanted to do was close the trade and break even.
NET PROFIT: $0.22
NOTE: SPX settled at 3923.68 (-165.17 or 4%)
My trade would have been fine, but I don't like to take unnecessary chances.
