You could always half exit by selling or buying 250 shares of SPY. Probably a better idea than doing two contracts on a small account.
I've mostly been going for scalp trades while using ES to hedge my other positions, so that I don't really care too much one way or the other when...
I went short to hedge my other positions, hope to buy back cheap during the Asia session.
That was fun, up 10 handles in a minute. Sold some at 1253.50 and bought it back 40 seconds later at 1250.
I'm interested in short naked puts. The page at IB says: Put Price + Maximum((15%[3] * Underlying Price - Out of the Money Amount), (10% *...
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