Because our two remaining October positions have opposite delta and vega, we’re going to try to flatten out both as nearly simultaneously as possible. Here’s the first order:
Day limit order
Sell to close 2 SPY Oct 130 calls
Buy to close 4 SPY Oct 124 calls
Sell to close 2 SPY Oct 118 calls
for a net credit of $3.36 or better.
Note that the 2 contracts specified above for the wings represent our entire position in BF#2. This leaves us short two Oct 124 calls (per unit traded) from our initial, double-diagonal trade (closing order to follow).