mster
11-27

$SPY DIAGONAL 251201/251205 PUT 673.0/PUT 655.0$ This Cash Secured Put (CSP) was initially opened last week but was rolled down and out when the market took a sharp midday U-turn, putting it deep in the money (ITM). Following the recent market recovery, the contract is now Out of the Money (OTM). To quickly ease margin, the position was rolled backwards (in time) and up (to a higher strike). The new contract is set to expire this coming Monday, significantly shortening the expiration window. As always, the adjustment was executed for a net credit to maintain clear profit/loss tracking.
SPY Diagonal
11-26 22:38
US655.0/673.0
SidePriceRealized P&L
Credit
Close
-0.55--
Closed
SPY DIAGONAL 251201/251205 PUT 673.0/PUT 655.0
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Comment（12）

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  • Wade Shaw
    ·11-27
    TOP
    4-day expiry + OTM status = high chance of worthless expiry!
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    • mster: 
      🤞
      11-28
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  • Jo Betsy
    ·11-27
    TOP
    Isn’t 673 strike too tight if market breadth fades?
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    • mster: 
      Yeah. Just need to navigate the tide. Roll again if need be.
      11-28
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  • vibzee
    ·11-27
    TOP
    Smart roll strategy! [强] Always good to lock in credits early. SPY's volatility helps here.
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  • Phyllis Strachey
    ·11-27
    TOP
    How much credit did you pocket from the roll adjustment?
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    • mster: 
      This is just over $50.
      11-28
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  • Megan Barnard
    ·11-27
    TOP
    Won’t Friday’s jobs data whipsaw SPY back below 655?
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    • mster: 
      There will always news. Just need to learn to navigate around them.
      11-28
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  • Ron Anne
    ·11-27
    Rolling SPY CSP for net credit locks profit while cutting margin use!
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  • Enid Bertha
    ·11-29
    More next week. Don't forget about the rate decision. Just the anticipation will push us to 700.

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  • Mortimer Arthur
    ·11-29
    Anyone still buying this market is likely regarded.

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