Markets had a good day again today, and with mostly bull puts spreads left in the portfolio, so did our P&L.
Yesterdays trades were just small amounts to help offset the rally through the 2115/2125 call spread that expired yesterday. First, I sold a SPX 2115/2105 put spread for $1.90. Then I added an overlapping trade with the SPX 2125/2115 puts for another $1.20. Soon after, the market started pulling back, so I closed the now 2125/2105 for $1.60 debit - netting $1.50 out of the trades.
I let the call spread expire fully in the money.
Today, the market went up and tested the 2145 area, but fell back to 2140 at the close. We have a normal size bull put spread on at 2060/2050 which will expire tomorrow. With Trump ahead in the polls this could be a trade that needs some adjust at the open.
