Date: 5/19/23 10:30 pm
Master Portfolio Contracts: 10
With the market screaming higher on the hope that the debt ceiling issues are resolved, time to close our CAT trade and at least scalp a few hundred dollars of profit off it. Unfortunately, it is rapid moves in either direction that hurt a lot of our core trades and worse when it happens really close to expiration.
Right now we can scalp about $665 profit off the leg we left open.
TRADE ACTION: Close the calendar for a credit of around 3.69
BTC the 19 May 210 put
STC the 16 Jun 210 put
The master portfolio is trading 10 contracts