BOUGHT SPX JULY 22ND SPV TO CLOSE, ROLLED CALL SIDE FOR DURATION

12 Jul 2016

1. Closed the July 22nd 2020/2030 short put vertical for a .15 debit, as it's near worthless and done its job.

2. Rolled the July 22nd 2110/2120 call side out a week to the July 29th 2115/2125 and slight strike improvement for a .75 debit. The improvement isn't much, but I like to do these improvements small and over time until I get the required movement to exit the entire setup.

3. Sold the July 29th 2085/2095 short put vert to finance the call side roll for a 1.05 credit.

As with my NDX setup, what I need now is some movement back toward the call side to exit the entire setup at or above my "scratch point."

12 Jul 2016

Nota

Here's the full "chain" for this trade to-date:
6/24 Opening: July 22nd 1920/1930/2140/2150 for a 2.80 cr.
6/27: Roll: 2140/2150 to 2110/2120 for .80 cr.
6/29: Roll: 1920/1930 to 1965/1975 for .55 cr.
7/1: Roll: 1965/1975 to 2020/2030 for .60 cr.
7/12: Close 2020/2030 for .15 db.
7/12: Roll: 2110/2120 to Jul 29 2115/2125 for .75 db.
7/12: Open: July 29 2085/2095 short put vert for 1.05 cr.
Scratch Point: 2.80+.80+.55+.60-.15-.75+1.05=4.90