[Creating Spread Against SPY Call Position]
Dear Member:
As the market continue down, I am placing an order to sell to open the Mar 135 calls (SFBCE) on SPY at a limit of $0.76. If filled, this will further reduce the risk in my long Dec 140 call position and bring in additional income.
DISCLOSURE: At the time of publication, I have no position in the Mar 135 calls on SPY and am long the Dec 140 calls on SPY.
Sincerely,
Bill Kraft
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