Replies to post #21625 on SPDR S&P 500 (SPY)

[Neutral Man]

Fox-man... what I might do is sell Short the Aug50 put against my Aug49 puts if the Q's make it back down to 48.00?

That would lock in a .28 gain (2.00 - .72 - 1.00 = .28), and I may make a whole lot more if the Q's close at the projected 49.59 on 17Aug?

Of course that projection changes with the everyday's closing price but I don't think it's far off?

Regards,
nm