Ticker: SPX
Price: $4121.19
Date: 5/16/23 1:31 pM

Underlying: S&P 500 Index Fund

Est. Net Debit/Credit: $650 – $850 debit

Master Portfolio Contracts: 5 (and 10)

NOTE:  The market continues to be choppy around debt ceiling talks.  Let’s take the win now and close the SPX dragonfly for profit!  

Trade Detail:

STC -5x SPX 26 MAY 4050 put
BTC +10x SPX 26 MAY 4020 put
STC -5x SPX 26 MAY 3950 put

Price:  1.30 – 1.70 debit  (Prices are wide!  Start with lower debit  and work your way higher)