Close Trade Alert – UPDATE: SPY April/May Calendar Hedge
We’re placing the following order to close our remaining position in this hedge trade:
Day limit order
Buy to close 2 SPY April 143 calls
Sell to close 2 SPY May 143 calls
for a net credit of $0.46 or better.
Note, again, that the 2 contracts specified above represent our entire position in this trade, leaving us with no May 143 call position and cutting our short position in the April 143 calls in half. Of course, anyone filled yesterday would not enter this order (or adjust the size for whatever position might remain after a partial fill).
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