Time to re-set our SPY core trade. We need to re-adjust our long options and short options are worthless. Let’s close the position now and we will re-set the new trade in today’s Live Trading session at 10:30 AM Eastern (before the 2022 Review/2023 Preview).
SPDR S&P 500 ETF (SPY): 394.65
TRADE ACTION 1: CLOSE the SPY 13 Jan 376 put and the 20 Jan 376 put calendar spread for a net credit of around 0.15
BTC the SPY 13 Jan 376 put
STC the SPY 20 Jan 376 put
TRADE ACTION 2: CLOSE the SPY 13 Jan 400 call and the 20 Jan 405 call diagonal spread for a net credit of around 0.35 to 0.40
BTC the SPY 13 Jan 400 call
STC the SPY 20 Jan 405 call
The Master Portfolio is trading 3 contracts.