Ticker: SPX
Price: $4555
Date: 7/26/23 11:15 AM

Underlying: S&P 500 Index Fund

Master Portfolio Contracts: 10

NOTE:   Let’s go ahead and close our SPX 28 Jul Dragonfly and the adjusted SPX 28 /31 Jul calendar spread.

Trade Detail:

TRADE ACTION 1: CLOSE SPX 28 Jul Dragonfly for a net credit of around 2.85 to 2.95
STO (-10) the SPX 28 JUL 4510 put
BTO (+20) the SPX 28 Jul 4470 put
STO (-10) the SPX 28 Jul 4410 put

TRADE ACTION 2:  CLOSE SPX 28/31 Jul 4585 put calendar spread for a net credit of around 2.00 to 2.10

BTC (+10) the SPX 31 Jul 4585 put

STC (-10) the SPX 28 Jul 4585 put