ROLLING SPY MAY 27TH 208/212 TO JUNE 10TH 209/213
More housekeeping ... . With 4 DTE and this 30 handle upmove, this is one of those "too close for comfort" rolls. Truth be told, I'll probably end up rolling it again if we don't come off of this 208 level with some vengeance, but only time will tell. In any event, I got a 40/contract credit for the roll ... .
To protect the rolled short call vertical from further upmove, I also sold a June 10th 199/202 short put vertical against it for an additional $27 credit, yielding a June 10th 199/202/209/213 iron condor.
And we'll see how that goes ... .
To protect the rolled short call vertical from further upmove, I also sold a June 10th 199/202 short put vertical against it for an additional $27 credit, yielding a June 10th 199/202/209/213 iron condor.
And we'll see how that goes ... .
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