Ever met a trader who didn't change their mind - sometimes often woo-pity f'n do btw - numbnuts called him out - yet again RN
I tried the same Sept. 12 SPX 1960/2000/2040 call fly. I held into expiration day thinking there was a resonable chance SPX would pin to 2000.0. I waited too long and closed the long 1960 calls at 26.80. My entry was also poorly timed because the spread cost me 21.20. Still profit was 25% of cost which is not too bad. I closed the ITM 1960 calls at about 12:33 EST for 26.80 and let the other 2 options expire EOD. IB portfolio margin said my margin for the short 2000 calls was 7 times higher than the debit cost of the spread for 3.5 hours. IB was right. If the Fed had announced QE3 to buy SP 500 futures, I would have been in trouble.
Sports knows he's being observed-- so he's gonna try to make a better impression this time for those folks who really matter.