Ticker: SPX
Price: $4450
Date: 6/30/23 1:15 PM

Underlying: S&P 500 Index Fund

Est. Net Debit/Credit: $2000 debit ($20K margin)

Master Portfolio Contracts: 10

NOTE:   We are opening a new SPX Dragonfly, but please note we are doing this for a debit.  With the low volatility environment, we have to enter this as a debit and then we can potentially do adjustments next week.  Expect an adjustment early next week (Monday) if needed.  The market is closed on Tuesday. 

Trade Detail:

TRADE ACTION: Open SPX Dragonfly for a DEBIT of around 1.90 – 2.00
BTO (10) the SPX 14 JUL 4400 put
STO (20) the SPX 14 JUL 4360 put
BTO (10) the SPX 14 JUL 4300 put

TRADE POSITION AFTER DETAIL:

+10 the SPX 14 JUL 4400 put
-20 the SPX 14 JUL 4360 put
+10 the SPX 14 JUL 4300 put