I am short one ES put spread as follows. Short Jul01 2070 Put Long Jul01 2055 Put Sold at 6.50 Not worried if expires at loss as already made just over $600 on the trade by closing long trade legs separately - I had forgotten to cancel a sell limit order on my mobile phone for the long trade and got filled at 3am few days ago for the short trade Thinking of rolling it out on next market dip - any suggestions from those who trade ES options? Thx. J_S
Spot on..spreads have narrowed as expected..good bit to go yet though..want to be prepared to roll out if market takes another dip..should have done it yesterday! J_S
Yeah, even with a desktop, the P/L is often messed up. Account balance during RTH is often a good indicator of P/L, but with recent wider spreads, option valuations may be messed up. For me, I like to know my position and often can approximate P/L in my head. Still, it ain't over 'til it's over. Yeah, that kind of stuff happens. Just keep in mind, it was still a mistake - even though it went your way.
Ok. can forget it now - closed the short 2070 leg at close, leaves me with max downside of bout $338 - seen as I made over$600 on original trade I am leaving the long 2055 leg open in case we get a move back down - u never know Just shows - if selling puts, always buy protection to limit your losses! J_S