Ticker: SPX
Price: $4416
Date: 7/14/23 11:45 AM

Underlying: S&P 500 Index Fund

Est. Net Debit/Credit: $2800 debit (plus 20,000 in margin)

Master Portfolio Contracts: 10

NOTE:   We’re going to reopen the SPX Dragonfly.  Due to the VIX being low, this is a higher debit than we normally have, but still a viable trade. 

Trade Detail:

TRADE ACTION: Open SPX Dragonfly for a 2.60 – 2.80 debit
BTO (+10) the SPX 28 JUL 4510 put
STO (-20) the SPX 28 JUL 4470 put
BTO (+10) the SPX 28 JUL 4410 put

TRADE POSITION AFTER DETAIL:

(+10) the SPX 28 JUL 4510 put
(-20) the SPX 28 JUL 4470 put
(+10) the SPX 28 JUL 4410 put