Newbie execution question

Discussion in 'Trading' started by asdfghj7, Oct 23, 2008.

  1. Yesterday I sold a November SPY 64Put for 1.05pts. If prices today were to go up, and my put was selling for .50pt, if I put an order in to BUY a 64Put for .50pt and it were executed, I'd be flat, and would have collected $50 bucks. I wouldn't have two positions, correct ??? Thanks Joshua