On February 7th TheOptionPlayer.com executed an S&P 500 Index ETF (NYSE: SPY) short-term (38-day) call credit spread option trade. Today we executed an adjustment to this trade. Confirmation information is displayed directly below. Login with your Premium Subscription to view these images/data
We closed out the initial call vertical spread and rolled it down to lower prices for the same expiration date.
As indicated in the chart below, after closing out the initial vertical spread trade and executing adjustments there is a higher probability the S&P 500 Index ETF will reach the target price and attain the maximum profit prior to the March expiration.
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