Close Trade Alert: SPY August/September Double-Calendar #2 (Adjusted)
Technical indicators are weak across the board, so we’re closing this last calendar position, as follows:
Day limit order
Buy to close 2 SPY Aug 116 calls
Sell to close 2 SPY Sep 116 calls
for a net credit of $3.08 or better.
The 2 contracts specified above represent our entire position in the Aug/Sep 116 call calendar. We plan to let the short Aug 119/125 call vertical expire worthless.
Tags: calendar spread, double-calendar, exit, spy, vertical spread
Leave a Reply