DITM short call spread , SPX

lve been looking at possibilities for rolling my Dec29 SPX x-8 4500c x+8 4720c to 30jan x-2 4750c x+2 4900c @ 144db.(margin limits me to 2.) is thisa trade that can be even worse, ie, if it closes above 4900 loss is 150db + 144db , right? so it could be worse than 220db currently facing?
the total loss for 29dec: x-8 4500c : x+8 4720c, is 22000 x 8 loss right?
thanks
 
Dec29 is marked 219.2. Probably should babysit 219 as I don't see us dropping inside that strike, but we're talking $600 here.

yesh, you're marked to a 21,400 loss.

The Jan30 cs is 76 here.
 
seriously thinking of rolling up 1 or 2 of the 8, dec29 4500c to x-1 4750c 4895c @~207db for jan19 or @~190db for feb16 , just take one so dont have to take the full blast of 8 x 22000, which will make my cash value very negative and have to pay margin interest, opinion? thanks
 
Back
Top