above posted on the 10th...I did get filled on the 1250's for $2.60, my 1245's filled for $2.50 4am woke up trying to figure out how to play the trade.. I could sell 2X the 1250's for a nice looking 5 pt credit spread....then thought there was only a 10cent diff in price so why not sell 2X the 1245's...buy the 1225 then if mkt move further down sell anywhere between 1225 up to(thru)1245 for an unbalanced condor or PG B-fly.....which with the futures down I think I'll go for...that way I'll have some protection for the credit spread below the 1245's and a margin charge equal to a 15pt spread so later can sell a 15pt bear call for no extra margin chg. no wonder I couldn't go back to sleep
Nice move. My 1305/1310 put debit spread is now in the money. Any ideas on how to lock in profit (convert to a lopsided fly)?
IN the prop account I grabbed 350 MAY 1250/1255 Put Spreads for $.20 a few weeks ago. It is pretty much at even but I do not want to waste the commissions closing it . For the account here, I am loaded in MAY so will pretty much wait until next week to get out at expiration and look for JUNE positions. I would love to grab some today on the dip.... perhaps 1230 strike in the puts or thereabouts..