Replies to post #318382 on SPDR S&P 500 (SPY)

[NetNeutral]

Ok, what a fortuitous event, hence, BOTH ports will be FADE-ing their 6/24 312/310 puts with 308 6/26 calls!

Since both ports already own 6/24 312 calls this will be the 4th leg of the Guillotine Head-Press and probably the most profitable of hte Four legs

Leg 1), 312 6/24 puts
Leg 2), 312 6/24 calls
Leg 3), 310 6/24 puts
Leg 4), 310 6/26 calls(may buy 309 calls instead of 310, $Price)

At some point you have to start rolling OUT, staggering the dates for the opposing positions, Right!?

BBP, 100
PBP, 4

[NetNeutral]

BOOM, BBP exiting the 310 6/24 puts at 2.10, 1.00 gain(100 contracts)!