Here’s a trade we filled for a .20 credit. At what price would you exit?
B e3x 2770 p 15.3
S e3x 2750 p 13.5
B e3x 3030 c 3.5
S e3x 3010 c 5.5
B e3x 2770 p 15.3
S e3x 2750 p 13.5
B e3x 3030 c 3.5
S e3x 3010 c 5.5
Here’s a trade we filled yesterday for a .20 credit. At what price would you exit?
- Thread starter Altavest_Erik
- Start date
Well that would depend on what's the underlying's market price in relative to all the strikes. If it's in between the strikes, u wouldn't exit at all; u would just let them all expire especially for just 0.20 credit. Everywhere else, it's gonna depend on how well is your execution, how liquid the option is, the volatility of the market, how you see the market and whether it's European or American option and when they expire. Lots of missing information there.
The symbol is e3x, that is the e-mini s&p 500 week 3 expiration for november. It trades in relation to the dec e-mini futures, that's now at 2895.
I wouldn't exit at all.
There was a total of 19.0 in premium collected on the two short options, and 18.8 paid for the long options, for a .20 credit.
you intended to make a staired bearish spread, right?
i'm just rechecking it, in case of wrong entry..
Yes, the entries are correct...and yes a bearish posture...short an otm call spread and long an otm put spread, done at a small credit. Just curious what some of you think in regards to managing the position.