Stock / Symbol: S&P 500 / SPX
Option Strategy: iron condor
Reasoning: with the SPX moving closer to 1245, we're going to roll up the call side of this trade to go short the 1265 / long 1275
Trade Details:
Buy -2 SPX Dec10 1245 Calls @ $4.30
Sell 2 SPX Dec10 1255 Calls @ $2.20
for a net debit of $2.10 per contract
then
Sell -2 SPX Dec10 1265 Calls @ $1.20
Buy 2 SPX Dec10 1275 Calls @ $0.75
for a net credit of $0.45 per contract
Chart:
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