Closed (IRA): SPY Feb 4th 468/June 17th 570 Long Put Diagonal
... for a 101.55 credit.
Comments: Closing here .45 short of max, since both strikes have converged at around 95 delta (the short put +94 delta, the long put -95 delta) so that it's no longer a net delta short hedge. My cost basis was 95.96 (See Post Below), so closing out here results in a profit of 5.59 ($559). Will re-erect a broad market hedge here shortly.
Comments: Closing here .45 short of max, since both strikes have converged at around 95 delta (the short put +94 delta, the long put -95 delta) so that it's no longer a net delta short hedge. My cost basis was 95.96 (See Post Below), so closing out here results in a profit of 5.59 ($559). Will re-erect a broad market hedge here shortly.
