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).

TRADE CLOSE

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.