SPDR S&P 500 (SPY)
With 18 days left and little to no value left in our bear call spread, I have decided to take all risk off the table, lock in profits and move on to the next opportunity.
The Trade:
Simultaneously:
Buy to close SPY September 16, 2022, 439 call strike
Sell to close SPY September 16, 2022, 444 call strike for a total of $0.07 (As always, the price of the spread will vary, please adjust accordingly).
SPDR Dow Jones Industrials (DIA)
With 25 days left and little to no value left in our bear call spread, I have decided to take all risk off the table, lock in profits and move on to the next opportunity.
The Trade
Simultaneously:
Buy to close DIA September 23, 2022, 350 call strike
Sell to close DIA September 23, 2022, 355 call strike for a total of $0.08 (As always, the price of the spread will vary, so please adjust accordingly).