BOUGHT TO CLOSE SPY JUNE 3RD 212/215 SHORT CALL VERTICAL
With only 14 DTE left for this particular iron condor, I'm pulling off the short call side at near worthless (a $5 debit) rather than rolling it toward current price. (The call wing was worth $45/contract, so closing it out here nets me $40/contract).
I'll keep an eye on the short put side (196/200) as expiration approaches. At this point, I would be more than satisfied to close it out at 50% max, since I've already closed the call side for near max profit ... .
I'll keep an eye on the short put side (196/200) as expiration approaches. At this point, I would be more than satisfied to close it out at 50% max, since I've already closed the call side for near max profit ... .
